Commodities | Feb 28 2012
By Greg Peel
I apologise for the brevity of this report, and, for followers of this weekly uranium market update, its similarity to recent reports. But if there's nothing going on in uranium then its very difficult to conjure up some interesting commentary.
As was the case the week before, only a single transaction was reported by industry consultant TradeTech last week in spot uranium, for 100,000lbs of U3O8 equivalent. There was no change to TradeTech's spot price indicator at US$52.00/lb.
There was new demand noted but no transactions occurred in the term market last week. TradeTech's price indicators remain at US$54.50/lb (medium) and US$61.00/lb (long).
To explain the current stagnation in the global uranium market I can but only keep referring back to my report earlier this month, Uranium Mismatch Continues To Frustrate.
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