Uranium Prices Fall 12% in Largest Dip Ever

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Uranium prices dipped more than 12% last week, the largest single decline since market monitor TradeTech began reporting spot prices nearly 40 years ago.

Uranium prices dipped more than 12% last week, the largest single decline since market monitor TradeTech began reporting spot prices nearly 40 years ago. Spot prices fell US$15 to US$105, according to TradeTech's Aug. 10 issue of Nuclear Market Review.

"A number of factors have contributed to the price decline, the most influential of which has been the introduction of supply from a variety of sources including speculators/hedge funds, producers, intermediaries, and the U.S. government," the report said...(8/14/07)

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