NewswireToday - /newswire/ -
Sarasota, FL, United States, 2007/01/28 - StockInterview.com - According to TradeTech’s weekly “Nuclear Market Review,” the spot uranium price held steadfast at US$72/pound for the sixth consecutive week.
The January 26th issue of the magazine also reported a widening gap between uranium buyers and sellers.
According to the January 26th issue of the uranium industry trade magazine, “Nuclear Market Review (NMR),” the TradeTech Spot Uranium Price Indicator remained lodged at US$72/pound for the sixth consecutive week. This was the longest period of an unchanged spot price since summer 2005.
NMR editor Treva Klingbiel wrote, “The gap that previously existed between willing buyers and willing sellers has widened dramatically, and as a result, buyers and sellers are finding it increasingly difficult to find common ground with many transactions failing to reach conclusion.”
StockInterview.com editor Julie Ickes reported, “The good news for uranium mining companies, and especially their share prices, is that the spot uranium price has steadfastly remained above US$60/pound for three straight months. This may be a secure production cost pricing point to give many of the upcoming uranium projects a comfortable profit cushion.” But she asked, “How long will the price remain frozen at this level?”
Stockinterview.com is an online news service, which provides investigative reporting, editorial, analysis and provocative commentary of the nuclear fuel cycle, uranium mining, nuclear power, the environment and the natural resource industry. StockInterview.com has rapidly become the most popular website for uranium mining stocks as a result of its best-selling publication, “Investing in the Great Uranium Bull Market: A Practical Investor’s Guide to Uranium Stocks.”
The 304-page trade softcover edition of “Investing in the Great Uranium Bull Market,” is available online by visiting: bookstore.stockinterview.com and is now offered on Amazon by visiting amazon.com
TradeTech’s Nuclear Market Review magazine publishes the consulting firm’s weekly spot uranium price indicator on Fridays. TradeTech posts changes on the weekly spot uranium price at uranium.info
TradeTech, through its predecessor the Nuclear Exchange Corporation (later shortened to NUEXCO) , was the first organization to publish uranium prices, beginning in August 1968 with the NUEXCO Exchange Value as a measure of spot uranium prices and the NUEXCO Loan Rate as a measure of the annual percentage rate for natural uranium loans. During the 1970s, the Exchange Value began to be incorporated into many long-term uranium contracts as the settlement price for deliveries under those contracts.