Uranium Spot Price Falls to $85/Pound on DOE Auction

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The decline was due primarily to reports of various winning bids in a recent auction of eight lots of uranium by the US Department of Energy.

The spot market price of uranium continued its downward plunge to $85 a pound U3O8, price reporting company TradeTech said in its latest market review. TradeTech's price at the end of July was $123/lb.

The decline was due primarily to reports of various winning bids in a recent auction of eight lots of uranium by the US Department of Energy. It its believed that one winning bid, by US utility Exelon for a small lot of some 20,000 lb U3O8 equivalent, went for a price that analysts evaluated as being around $60/pound.

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