Uranium Market in Brief

Junior Mining Weekly (01/21/2010)
"Both Ux Consulting (UxC) and TradeTech saw declines in their U3O8 spot price indicators this week. UxC's indicator fell US$0.75 to US$43.75/lb while TradeTech's dropped US$1.00 to US$43.50/lb. All medium- and long-term indicators remained unchanged. UxC noted that month-to-date spot volume, at 900,000 lb equivalent, is relatively average with some discretionary buying a healthy mix of utilities, traders and financials. TradeTech reported five transactions in the week totaling 700,000 lb. Both firms noted that current price levels tend to draw incremental discretionary demand."

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