Industry consultant TradeTech left its weekly spot price indicator unchanged at US$74/lb.
A price recovery of spot uranium seems to be in the making now that both industry consultants have raised their weekly price.
What are the prospects ahead for the forgotten commodity and its associated listed stocks?
Power supply problems at South Africa’s Eskom may impact on available supply of uranium this year, but it hasn’t stopped the weekly spot price from falling below US$75/lb.
Spot uranium would have fallen below US$75/lb if it wasn’t for Uranium One’s production shortfall in Africa.
Industry consultant TradeTech has left its weekly spot price indicator unchanged for the second week in a row.
If history repeats itself spot uranium should soon be rising again.
Barclays Capital suggests the UK government faces a number of issues with respect to meeting future energy needs, with an increased emphasis on nuclear power likely to be the only real solution.
The best thing about ERA’s result is it appears the sea-anchor of legacy contract pricing is slowly being hauled in.
Uranium play Paladin is attracting attention globally as Canadian broker Raymond James has initiated coverage with an Outperform rating.