Uranium Prices Fall Again, Now At $120 Per Poundadmin
Wednesday, August 8th 2007
As buyers continue to be reluctant to commit to purchases, uranium spot prices dipped again last week ”“ down US$3 to US$120 per pound, according to TradeTech’s indicator.
Customers are expecting further downward price movement due to the current supply overhang, the firm said in the Aug. 3 issue of Nuclear Market Review.
The U.S. Department of Energy’s sale of up to 200 tons of uranium hexafluoride [UF6], with bids due August 17, is expected to be the next key event for the market.