Spot Uranium Price Takes A Temporary Dip

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After 47 consecutive months without a drop in price, weekly spot U3O8 had a small hiccup. It was inevitable. In 85 percent of those 47 months, the uranium price surged higher.

The pressure on the spot uranium price is off. Perhaps this will end the weekend price watch, which has taken on the cloth of a ‘hurricane watch.’

After 47 consecutive months without a drop in price, weekly spot U3O8 had a small hiccup. It was inevitable. In 85 percent of those 47 months, the uranium price surged higher.

According to the month-ending edition of Nuclear Market Review [NMR], the spot uranium price registered at US$135/pound at the end of June – down by US$3/pound from the previous week.

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