\n\tBy Greg Peel<\/p>\n
\n\tThe uranium market consultants at TradeTech have been predicting a bit more action on the buy-side in the uranium market for a while now, only to be frustrated by a couple of false starts. The spot uranium price is still struggling to reach the US$50\/lb mark which is the longer term forecast price from many an analyst.<\/p>\n
\n\tBut the spot market was “extremely” active last week, TradeTech reports, with nine transactions totalling 1.6m pounds of U3O8 equivalent pushing prices higher until a bit of a slip late in the week. TradeTech has set its indicative spot price for the week at US$48\/lb which is up US50c on last week.<\/p>\n
\n\tThe US Department of Energy was back in selling a good lump of UF6 which was allocated to a spread of buyers, none of them utilities. TradeTech also reports fresh demand in the term market seeking a total of 6.5m pounds of U3O8 equivalent. There were also six transactions in the conversion market.<\/p>\n
\n\tTrade Tech has left its mid-term indicative price at US$50\/lb and its long-term price at US$62\/lb.<\/p>\n","protected":false},"excerpt":{"rendered":"
Suddenly the uranium market has become active after drifting about in the doldrums for some time.<\/p>\n","protected":false},"author":8,"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\/57295"}],"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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=57295"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/57295\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=57295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=57295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=57295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}