Uranium

Despite depressed uranium prices, Australian-listed junior miners are pressing ahead with projects.

Despite some renewed interest on the buy-side, uranium spot and term prices continued to come under pressure last month.

While Brexit did not have any notable impact on uranium trading, the future of nuclear power in the UK and US came under question.

US reactor shutdowns and Japanese restart delays had uranium traders heading for the exits last week as buyers backed off, sparking a significant price drop.

A lack of demand in the face of abundant supply is making sellers of uranium anxious.

While the uranium spot price rose last week, the issue of declining US demand still hangs over the uranium market.

After having grafted higher, the spot uranium price slipped again last week as traders sought to close deals ahead of the end of the half.

The spot uranium price edged up again last week as sellers backed away from growing utility interest.

Buyers returned to the spot uranium market last week as term contract settlements moved forward.

Buyers and sellers in the uranium market have again reached a point of stand-off while awaiting the outcome of several term market tenders.