TradeTech has lowered its weekly spot price indicator by US$4/lb putting pressure on share prices of uranium companies at the start of a new week.
A short term pullback, a return to strength, and then a gradual decline. That’s the conclusion for the uranium market at present.
A lack of speculative interest has caused TradeTech’s weekly spot price indicator to fall to US$135/lb. Is this the peak or just a pause?
The Australian uranium market has slowed in recent weeks but Resource Capital Research expects the spot price to continue to rise over the next year.
Canada’s National Bank Financial is of the view that buyers may shift their focus to longer term prices instead of the spot market.
The Dow pulled back from the brink to pose a 90 point rally last night driven mostly by M&A activity.
Weekly musings from your editor. This week he looks into prospects for share prices of gold and uranium companies.
It was no great surprise, but Paladin has downgraded FY07 production from 400kt to 270kt.
Recent spot trades at US$138/lb have prompted more brokers to reassess their uranium price forecasts.