Despite its economic slowdown, China is speeding up nuclear energy development.
To reflect current market conditions, TradeTech last week increased its spot and mid-term weekly price indicators while reducing its long-term indicator.
The spot uranium price continues to tick higher as a reflection of an increasing number of utilities seeking term supply contracts.
There are early signs the traditional summer slowdown in the uranium market may be coming to an end.
Last week Japan restarted the first of its idled nuclear reactors.
The spot uranium price rebounded sharply last week, but a lack of interest had only heightened volatility.
Recent positive demand-side news has failed to support buying interest, forcing sellers to capitulate last week.
The spot uranium price remained unchanged for the third week running last week, as India ups its nuclear ante.
Lack of clear interest from either buyers or sellers ensured the uranium spot price remained unchanged yet again last week.
A quiet week in uranium markets saw spot and term prices unchanged from the week before.