Weekly Reports | Feb 26 2019
Can a lower-emission world be achieved without nuclear energy?
-Activity slows in uranium markets
-Debate over nuclear’s role in energy markets
-China growth slowing
By Greg Peel
Activity in uranium markets fell to a low ebb last week. Industry consultant TradeTech reports five transactions in the spot market totalling only 500,000lbs U3O8 equivalent while no transactions were reported in term markets.
TradeTech’s weekly spot price and monthly term price indicators all remain unchanged at US$26.80/lb, US$30.00/lb (mid) and US$32.00/lb (long) respectively.
One reason why trading has stalled and prices levelled off is because US market participants are busy filling out lengthy questionnaires to aid the government’s section 232 investigation.