Uranium investors breathe easier as dismal October ends
Sun, Nov 2, 2008
Uranium Investing News & U308.biz reports uranium prices seen as stabilizing throughout November.
Spot uranium prices climbed $1 this week to $45 per pound U3O8, according to price publisher Ux Consulting. The move ends a massive slide, marking the first price increase since July. It seems sellers desperate to liquidate have now pawned most of their material on the cheap. Demand is also picking up, which is why spot prices appear to be strengthening. Of course, much is still dependent on the global credit crunch and its continuing repercussions on the markets.
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Tags: credit crunch, demand, energy sector, liquidate, long-term price, October, price bottom, sellers, spot uranium prices, stability
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