\n\tBy Greg Peel<\/p>\n
\n\tA bit of urgency entered the spot uranium market last week as a group of sellers from both the producer and speculator stables looked to offload U3O8 before year-end. Eight transactions saw a total of just over one millions pounds change hands but as industry consultant TradeTech reports, the buyers were undeterred.<\/p>\n
\n\tBy week's end the spot price was pushing higher once more, with TradeTech's indicative price up US25c for the week to US$60.50\/lb. The mid and long term prices remain at US$62 and US$65 respectively.<\/p>\n
\n\tLast week's volume brought the year-to-date total to 41.6m pounds of U3O8 equivalent. With three weeks to go, that's already a record. It is testament to the bubble-and-bust mirage that was 2007 that the previous record was not set in this tumultuous year but all the way back in 1990, when 40.6m pounds changed hands.<\/p>\n
\n\tOne assumes 1990 represents the last time there was a burst of reactor building activity, with Europe in the fore back then. We now have another burst – this time out of Asia most specifically – leading to increased demand which is now “real” rather than speculative as was the case in 2006-07.<\/p>\n","protected":false},"excerpt":{"rendered":"
Another week, another slight rise in the uranium spot price despite some end of year selling.<\/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\/57558"}],"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=57558"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/57558\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=57558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=57558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=57558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}