TradeTech Chief Executive Gene Clark told StockInterview, “We expect uranium prices to regain upward momentum in February.” After a dramatic price jump to a record US$72/pound in mid December, the uranium price froze for six straight weeks. Earlier this week, the spot uranium price climbed to US$75/pound.
According to Nuclear Market Review editor Treva Klingbiel, “The discretionary nature of about 50 percent of this demand has created an impasse between buyers and sellers.” She observed, “Sellers remain entrenched in their position that prices will continue to rise in the future.” The weekly nuclear industry magazine is published by TradeTech and keeps global utilities informed of transactions and developments in the nuclear fuel sector. TradeTech and its predecessor company have been publishing the spot uranium price since 1968.
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 and is now offered on Amazon by visiting amazon.com