(Bloomberg) -- Uranium spot prices fell for a second
straight week as ``extremely weak'' demand from utilities forced
miners of the metal to settle for less, industry consulting
company TradeTech LLC said.
A decline by $2 to $133 a pound of uranium oxide concentrate
coincides with the volume of spot supply increasing by 28 percent
to 3.2 million pounds last week, while demand remained at 900,000
pounds, Denver-based TradeTech said July 6 in its weekly Nuclear
Market Review. The last time spot prices fell for two consecutive
weeks was in May 2001.
Read more at Bloomberg Energy News
straight week as ``extremely weak'' demand from utilities forced
miners of the metal to settle for less, industry consulting
company TradeTech LLC said.
A decline by $2 to $133 a pound of uranium oxide concentrate
coincides with the volume of spot supply increasing by 28 percent
to 3.2 million pounds last week, while demand remained at 900,000
pounds, Denver-based TradeTech said July 6 in its weekly Nuclear
Market Review. The last time spot prices fell for two consecutive
weeks was in May 2001.
Read more at Bloomberg Energy News
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