Fellow industry consultant UxC went one little step further than TradeTech this week in lifting the U3O8 spot price benchmark.
After more than a month of weekly declines, TradeTech’s uranium spot price has held firm.
Short-term uranium prices continue to soften, but as the longer term outlook improves, so do the prospects for the main Aussie plays.
ERA has advised interim earnings will be far better than the market had expected.
As is always the case, a strong production result from the uranium miner threw up just as many questions as answers.
After gaining for much of June uranium prices pulled back last week given weaker buyer interest at the higher price levels.
The uranium spot price continues its rise, supported by robust demand.
TradeTech wasn’t the only one raising its price benchmark for spot uranium this week.
Spot U3O8 prices have continued their advance during the past week.
Spot U3O8 prices settled at US$50/lb on both TradeTech’s and UxC’s assessment.