Chart courtesy of u3o8.biz

As we can see from the above chart the spot price of uranium has made some progress to trade at $53/lb according to The UX Consulting Company.

However on June 22 Bloomberg reported ‘Uranium rose to the highest in seven months as energy commodities gained globally and utilities sought to acquire stakes in companies mining the metal.

Uranium-oxide concentrate for immediate delivery added $3, or 5.8 percent, to $55 a pound, Denver-based pricing service TradeTech LLC said in a report dated June 19. Nine transactions totaling 1.9 million pounds in volume took place last week (read more…)