Monday, July 2, 2007

Uranium Prices Fall for First Time in Almost Four Years, TradeTech Says

(Bloomberg) -- Uranium prices snapped almost four
years of consecutive weekly increases as power utilities halted
purchases, industry consulting company TradeTech LLC said.

Spot prices for uranium oxide concentrate dropped $3 to
$135 a pound last week, Denver-based TradeTech said June 30 in
its weekly Nuclear Market Review. Prices previously rose for 47
consecutive months to a record $138.


Read more at Bloomberg Commodities News

No comments: