“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.”