NewswireToday - /newswire/ -
Sarasota, FL, United States, 2007/02/18 - TradeTech weekly spot uranium price indicator remained at $75/pound for the third straight week. Buyer and sellers await the results of Tuesday’s sealed bid auction to gauge the metal’s price direction.
The weekly TradeTech uranium spot price indicator remained unchanged for a third straight week, but Tuesday’s sale of 100,000 pounds U3O8 could result in another record price spurt. According to Nuclear Market Review (NMR) editor Treva Klingbiel, “This lot of material represents an opportunity for buyers to secure material at a fixed price and is expected to be highly sought after.”
Klingbiel pointed out in the February 16th issue of NMR, “The majority of other supply currently available to potential buyers is being offered with market-related pricing terms at time of delivery.” Utilities and other buyers hesitate to accept U3O8 and related product under these terms. As a result, the spot uranium price has remained nearly unchanged for the past two months, aside from small percentage increase at the end of January.
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 is now 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 now available online or by visiting amazon.com
TradeTech, and its predecessor companies–NUEXCO Information Services, CONCORD Information Services, and CONCORD Trading Company–has supported the domestic nuclear fuel cycle (uranium) industry for more than 35 years, and is widely recognized for its expertise in trading activities and its comprehensive knowledge of the technical, economic and political factors affecting this industry. TradeTech provides expert market consulting, participates in the buying and selling of uranium products and services, and maintains an extensive information database on these industries.
After publishing the weekly uranium spot price indicator in the Nuclear Market Review magazine every Friday, TradeTech publishes the price indicator on the consulting service’s website at uranium.info