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.