Confidence returns to the spot uranium market
Fri, Oct 31, 2008
Uranium Investing News & U3O8.biz reports spot price for uranium stablizing after current financial turmoil in the global markets.
After what seemed like an eternity in freefall, the spot uranium price finally held firm at $45 a pound U3O8 this week, according to price publisher Tradetech. In fact, rival publisher Ux Consulting even bumped its price up $1 to match Tradetech’s estimate. According to Tradetech, the massive sell-off was fuelled by - surprise, surprise - the global credit crisis.
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Tags: Areva, Aurora Energy, blackmont, bullish, Cameco, credit crunch, Exelon, george topping, greg barnes, hathor exploration, investing news, investor confidence, nuclear, Paladin Energy, positive sentiment, spot market, spot uranium market, td newcrest, tradetech, u3o8, Uranium, uranium investing, Uranium One, western uranium corp.
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