Uranium Players See Spot Prices Moving More Gradually Upward

Source:

Ux Consulting, in a report released late November 12, raised its price $2/lb, to $92/lb, from the price it published a week earlier.

Uranium players expect the upward movement of the commodity's spot price to be more gradual over the next few months after strong gains this past summer, according to observers.

TradeTech earlier this month kept its spot price at $93/lb U3O8. The price-reporting company said that while some sellers continued to raise their offer prices, other sellers "seized the opportunity to place material and generate revenue" before the end of 2007.

Ux Consulting, in a report released late November 12, raised its price $2/lb, to $92/lb, from the price it published a week earlier. A number of utilities have apparently backed away from concluding deals after the price moved from $75/lb in October to over $90/lb, market sources said.

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