Uranium Spot Price Continues to Sink

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Spot uranium, according to UX Consulting, a leading supplier of uranium prices, fell to $90 a pound this week, down from $105 in a previous auction and off by one third from a peak of $136 a pound in late June.

Spot uranium prices fell below $100 a pound this week for the first time since April, as speculative interest in the metal, used to fuel most of the world's nuclear reactors, dried up.

And prices were expected to ease further, analysts said.

Spot uranium, according to UX Consulting, a leading supplier of uranium prices, fell to $90 a pound this week, down from $105 in a previous auction and off by one third from a peak of $136 a pound in late June.

"Since the beginning of August, the financial world has changed and markets are pricing risk far more aggressively than in the past," Paul Carter at Argonaut Securities in Perth said.

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