\n\tBy Rudi Filapek-Vandyck<\/p>\n
\n\tAfter revisiting US$41\/lb in early April, the spot price for U3O8 (yellow cake) has steadfastly risen by US25c increments to climb back to US$41.75\/lb by month's end. This brings the spot price back to where it was at the end of March.<\/p>\n
\n\tIndustry consultant TradeTech recorded a total of 16 transactions for April, combined involving over 2.5 million pounds U3O8 equivalent, with end users accounting for about one-third of the total volume purchased.<\/p>\n
\n\tThough demand remains predominantly discretionary in nature, TradeTech reports there are pockets of strong demand.<\/p>\n
\n\tLast week, analysts at Citi reported they believed uranium has to be priced at least at US$60\/lb to attract sufficient new investment and supply in the sector for the longer term.<\/p>\n
\n\tTradeTech's medium-term price benchmark stands at US$50\/lb, its longer term price benchmark sits at US$60\/lb.<\/p>\n","protected":false},"excerpt":{"rendered":"
Spot uranium is back where it was one month ago.<\/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\/56561"}],"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=56561"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/56561\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=56561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=56561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=56561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}