Uranium

The US holiday period has ensured low levels of activity in uranium markets while in the bigger picture, nuclear power continues to grow globally.

The mid-week Veterans Day holiday in the US ensured a quiet week for uranium markets.

Utilities became more active in the spot and term uranium markets last week, leading to a slight uptick in price.

October is typically a volatile one for the uranium market and this October was no exception.

A lack of interest from buyers last week means the spot uranium price is now almost back to where it had jumped from earlier in the month.

The uranium spot price drifted back last week following the previous week’s sharp spike.

Spot uranium last week enjoyed its biggest weekly price increase since November 2011.

Spot and term uranium prices slipped last week as another prospective producer decided against proceeding with its project.

As three utilities continue to consider term delivery offers, the uranium market remains devoid of any price-setting indicators.

As utilities continue to consider tenders for term supply contracts, the spot market has slowed ahead of pricing indicators being revealed.