Uranium

TradeTech has raised its weekly spot price indicator for uranium to US$60/lb, but above all investors are back, the consultant reports.

GSJB Were and Rio Tinto see uranium prices heading higher next year but JP Morgan sees few catalysts to drive spot prices over the next 12 months or so.

Weekly musings from your editor. Banks are out, resources in. But that doesn’t necessarily mean all of them, does it?

Resrouce Capital Research has released its latest report on the uranium industry and sees signs of an improvement in prices, with US$75 per pound a likely short-term target.

Ux Consulting has lowered its weekly spot price to US$63/lb, US$2 below where fellow industry consultant TradeTech left it at its last sector update.

TradeTech reports sellers are less eager to lower prices in the spot uranium market with buyers ready to conclude deals. Is this the bottom of the price correction?

Last week Credit Suisse suggested Paladin should Outperform but RBC Capital Markets suggests the stock is expensive at current levels.

The slide in spot uranium continues with industry consultant UxC slicing a bit further than peer TradeTech.

No transactions concluded and no new demand appearing. That’s pretty much all there is to say about uranium right now.

One deal was concluded on the uranium spot market last week. It’s quiet, but at least the spot price isn’t tumbling.