Inside US Uranium Markets

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The latest Uranium Marketing Annual Report from the Energy Information Administration (EIA), a US government agency, suggests that US buyers of uranium, some of the biggest in the world, could have played a part in the collapse in spot prices from a manic $138/lb in June 2007, to, eventually, current levels around $60/lb, a level which has not yet demonstrated a bottom.

The latest Uranium Marketing Annual Report from the Energy Information Administration (EIA), a US government agency, suggests that US buyers of uranium, some of the biggest in the world, could have played a part in the collapse in spot prices from a manic $138/lb in June 2007, to, eventually, current levels around $60/lb, a level which has not yet demonstrated a bottom.

The latest EIA annual marketing report says that owners and operators of US civilian nuclear power reactors purchased a total of 51m pounds U3O8e (uranium oxide equivalent) of deliveries from US government, US suppliers and foreign suppliers during 2007, at a weighted-average price of $32.78/lb U3O8e.

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