Industry consultant TradeTech has further lowered its spot price indicator for uranium.
According to Resource Capital Research while spot uranium prices are under pressure the long-term outlook remains solid as increasing capacity will continue to spur demand.
Despite no transactions, the uranium spot price nudged a little lower as speculative demand increases.
Uranium slips another US50c/lb as bargain hunting takes the upper hand.
The CEO of the world’s largest producer of yellow cake believes a “uranium supply crunch” is “just around the corner”.
Paladin shares have responded favourably to the group’s interim profit result last week, though broker opinion remains dividend.
Spot uranium has tumbled below US$50/lb again.
The uranium market featured little activity for the third week in a row.
Uranium prices eased this week, but developments in India paint a brighter picture for emerging demand.
While only modestly better than expected, uranium miner Energy Resources of Australia’s quarterly production report beat broker expectations.