By Rudi Filapek-Vandyck<\/p>\n
If anything, industry consultant TradeTech’s monthly update on the uranium market proves that history can be a guide during most of the times, but it cannot provide any certainties.<\/p>\n
Normally, the spot uranium market goes into hibernation during the Northern Hemisphere’s summer period, but not this year. TradeTech has counted 16 transactions being concluded in July, representing a total volume of 2.5 million pounds in uranium oxide (U3O8) equivalent. This follows on from June’s 15 transactions and a total volume of 2 million pounds.<\/p>\n
The consultant notes that prices for deals concluded progressively increased throughout the past month. Towards the end of July prices seem to have stalled, for now, at around US$64.50 per pound. In essence this means the spot price has remained unchanged over the week past from the previous week.<\/p>\n
Fellow consultant Ux Consulting too left its weekly spot price indicator unchanged at US$64.50\/lb last week. TradeTech did make the decision to lower its longer term price indicator, to US$80\/lb from US$85, and this has brought both TradeTech and UxC on one line again for both the weekly spot price indicator asthe longer term price benchmark.<\/p>\n","protected":false},"excerpt":{"rendered":"
The spot uranium market is busier than usual this time of the year, industry consultant TradeTech reports.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[25],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/54518"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=54518"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/54518\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=54518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=54518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=54518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}