Uranium

The month of June saw emerging buying interest from utilities, particularly in the mid-term uranium market.

Japanese restarts should become a reality in the next couple of weeks as uranium term market interest builds but the spot price remains unchanged.

The brief burst of activity sparked by ERA’s deferral of its Ranger Deeps project gave way last week to a more familiar lack of interest.

ERA’s announced deferral of its Ranger 3 Deeps project and buying interest from utilities helped breathe some life into the spot uranium market last week.

The spot uranium price managed to tick higher last week despite little interest, while lower uranium prices are gradually leading to consolidation in the global uranium industry.

There was a lot of news but little trading interest in the uranium market last week as both buyers and sellers backed off.

The Japanese government’s hopes for a return to nuclear power production were dealt a blow last week due to an adverse court ruling.

The spot uranium price last week failed to kick on with a rebound after April’s sharp falls.

After a sharp price fall in April, spot uranium has again found support at lower levels.

The recent slip in the spot uranium price became a plunge last week as selling outstripped buying interest. Term contract prices have also fallen