\n\tBy Rudi Filapek-Vandyck<\/p>\n
\n\tIt appears build-up expectations about renewed interest for yellow cake are finding their way into stronger prices. After industry consultant TradeTech bumped up its weekly spot price indicator by US$2 to US$43.50\/lb for the week ending Friday, peer Ux Consulting has gone much further, lifting its own weekly spot price by US$4.25 to US$46.00\/lb.<\/p>\n
\n\tAdding to the positive picture is the fact that UxC also lifted its longer term price benchmark to US$60\/lb (previously US$58), bringing both consultants back on the same price level on longer term (contract) prices.<\/p>\n
\n\tUxC's price increase of more than 10% is very large, but not the first of its kind. The past few years have seen similar price rises (between US$5-10 in one single week) on a few occasions. All were either caused by a sudden spike in demand, or by sudden problems on the supply side.<\/p>\n
\n\tThis time around the reasons behind the spike appear to be inspired by both: on one hand Chinese buyers reportedly have entered the market, while on the other hand a labour disruption plus equipment problems at the Converdyne conversion plant in the US seems to have made some US utilities a little nervous about supply.<\/p>\n
\n\tSee also “Uranium Regains Its Luster” published yesterday (27 July, 2010).<\/p>\n","protected":false},"excerpt":{"rendered":"
Spot uranium recorded a big price spike this week.<\/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\/56950"}],"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=56950"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/56950\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=56950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=56950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=56950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}