Uranium Week: Lacking Buyers

Weekly Reports | Mar 19 2019

The spot uranium price continues to fall as US utilities remain out of the market.

-Uranium spot price down -6% in 2019
-US utilities staying away
-Spike in trading volume misleading, according to TradeTech

By Greg Peel

It was a busy week last week in the spot uranium market, with a sizeable volume of 2.6mlbs U3O8 equivalent changing hands. The volume is nevertheless misleading, industry consultant TradeTech reports.

The week featured a number of back-to-back deals tied to delivery location, timing and/or counterparty risk, such that several lots of material changed hands multiple times throughout the week.

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