Apparently demand for spot uranium is on the rise. Though the spot price is not moving.
August proved a flat month for demand and pricing of yellow cake, despite ongoing problems at the Cigar Lake project in Canada.
A better than expected increase in reserves and resources at Langer Henrich leaves brokers expecting an expansion of operations at the mine.
The past week saw one deal concluded in the U3O8 spot market, but no price change.
As anticipated earlier this week, Ux Consulting has left its spot U3O8 price unchanged at US$64.50.
No deals occurred, so no price changes for uranium over the past week.
Spot uranium has remained at US$64.50 over the week past, TradeTech reports.
The spot uranium market is busier than usual this time of the year, industry consultant TradeTech reports.
Industry consultant TradeTech left its weekly spot price indicator for U3O8 unchanged.
ERA posted a mixed half-yearly profit result and as a result brokers are considering the value of the stock with ABN Amro seeing it as fairly priced while Citi remains bullish.