the lowest daily price of uranium since 2004

“The spot price of uranium at the end of Monday, November 1, 2016, was at US $18.75/lb U308; this is the lowest daily price since 2004. The price is 45.2% below the daily spot price that price reported by TradeTech on January 1st. 2016.

Currently, there seems to be a continuing abundance of material available for sale. TradeTech said there were 4.4 million lb U3O8 “available for sale”, however only 2.7 million lb of “inquiries to purchase” material.”

Read more

Posted in