The spot uranium price exploded from 2004 then crashed in 2007. Analysts are now forecasting a new cycle of demand.
After weeks of stellar increases, spot uranium is retreating again.
After weeks of continuous rises the spot U3O8 price retreated the past week in the absence of any deals concluded.
Operationally the company is performing as expected but brokers struggle to find value in Paladin at current levels.
Not wishing to be left behind, spot uranium had a solid jump last week.
Increasing Chinese interest in purchasing uranium is without doubt one of the stand out developments for the industry this year.
Spot U3O8 prices rose for the second week in a row.
It has been a long wait since November 2008, but spot uranium prices have finally started to move higher.
Quarterly production for uranium miner Energy Resources of Australia was disappointing and on the back of recent share price gains brokers are now questioning the value on offer.
TradeTech has followed the example by peer UxC and lowered its weekly spot price indicator by another notch.