This week’s spot price indicators for U3O8 have been set at US$95 and US$90/lb respectively.
Industry consultant TradeTech has kept its weekly spot price indicator US$5 above last week’s shock release by peer Ux Consulting.
Commodity & Energy strategists at BCA research are of the view that sheer euphoria has been replaced with overdone pessimism in the uranium sector. A recovery is on the cards, they believe.
The upward trend in uranium spot prices has come to a halt with the spot price dropping to US$90/lb this week. What’s happening? We sought the answers to the questions.
Panic gave way to simple anxiety on Wall Street last night as the only news of any consequence was a fall in the oil price.
While industry consultant TradeTech kept its weekly uranium spot price indicator unchanged at US$125/lb, UxC dropped its own indicator to US$90/lb.
Ux Consulting has followed TradeTech with its latest update of the weekly spot uranium price indicator. US$105/lb is the latest.
Ux Consulting has left its weekly U3O8 spot price indicator unchanged at US$120/lb.
No consensus exists between the two industry consultants that each set their weekly spot price indicator with TradeTech refusing to copy last week’s heavy price cut by Ux Consulting.
Weekly musings by your editor. Has uranium fallen prey to the revenge of the buyers?