NewswireToday - /newswire/ -
Sarasota, FL, United States, 2007/06/02 - StockInterview reports TradeTech’s weekly spot uranium price indicator, now at US$138/pound – up by 11.5 percent over the previous week. TradeTech also raised the long-term U3O8 equivalent price indicator to US$95/pound.
On Friday night, TradeTech’s weekly magazine Nuclear Market Review reported another increase in the spot uranium price indicator – this time to US$138/pound. This came on the heels of TradeTech’s announcement, one night earlier, of a spot price increase to US$133/pound.
In the month-end issue, TradeTech reported the results of Wednesday’s Mestena uranium auction in Texas. The nuclear utility industry’s consulting service also increased the long-term U3O8 equivalent price to US$95/pound.
U.S. and global utilities utilize TradeTech’s long-term uranium price indicator for establishing their price reference case for the purchase of nuclear fuel. TradeTech has been the only consulting price which reports a month-end long-term uranium price, and has been providing this monthly price indicator to utilities continuously since 1968.
StockInterview.com also reports on additional uranium pricing developments which may result in higher uranium prices during June.
The article entitled, “Uranium Auctions Drive Spot Price 11.5 Percent Higher,” may be read at no charge at stockinterview.com
Stockinterview.com is a financial online news service, primarily reporting on uranium market news and the nuclear fuel cycle. StockInterview has also become highly visited for its research in the molybdenum sector, which also plays a vital role in the nuclear renaissance and the energy markets. Consequently, StockInterview.com established a molybdenum headquarters on the news website.
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 book is now available at amazon.com.
StockInterview’s latest publication, the 130-page CD-ROM edition of “Uranium Outlook 2007-2008” is now available online by visiting: bookstore.stockinterview.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