Monday, July 9, 2007

Spot Uranium Price Drops Twice in a Row

The markets got what they were promised – further short-term uranium price weakness.

For the first time since May 2001, the spot uranium price dropped twice in two consecutive weeks.

According to Nuclear Market Review (NMR) editor Treva Klingbiel, “Sellers are for the first time in many, many months showing a willingness to sell below the current published price in order to attract a willing buyer. As a result, TradeTech’s Spot Price Indicator dropped to $133 per pound U3O8, a decrease of $2.00 from the June 30th Exchange Value.” more

Thanks to James Finch and Julie Ickes at
(They have no idea who Climateer Investing is but I like their Uranium coverage.)