PRZOOM - /newswire/ -
Sarasota, FL, United States, 2007/03/25 - TradeTech’s Nuclear Market Review reported the weekly spot uranium price indicator was raised to a record US$95/pound. Canadian uranium stock index shows uranium mining shares rebounding.
On Friday, TradeTech’s Nuclear Market Review (NMR) reported a record weekly spot uranium price increase to US$95/pound ahead of this coming week’s sealed-bid auction of 100 thousand pounds of U3O8 in Corpus Christi, Texas.
“Buyers remain willing to pay higher prices,” wrote NMR editor Treva Klingbiel. “Seven buyers continue to seek over three million pounds.” Three transactions took place in the spot uranium market, for immediate and June delivery, for just under one million pounds U3O8 (also known as yellowcake or uranium oxide). TradeTech, the consulting service which polls fuel brokers and utilities, posts changes in the weekly spot price on its website at uranium.info
In a related development, uranium mining stocks have rebounded the past two to three weeks, according to TheInvestar group which tracks 43 North American uranium companies and 25 Australian uranium companies. Matthew Smith, who produces the weekly uranium stock index, told StockInterview the uranium indexes could test their all-time highs over the next two months, as investors return to capitalize on the higher commodity price.
Stockinterview.com is an online news service, which provides investigative reporting, editorial, analysis and provocative commentary of the nuclear fuel cycle, uranium mining, nuclear power, energy and the environment, biotechnology research and the natural resource industry. StockInterview.com is now the most popular website for uranium mining stocks as a result of its best-selling publication, “Investing in the Great Uranium Bull Market: A Practical Investor’s Guide to Uranium Stocks.”
The 304-page trade softcover edition of “Investing in the Great Uranium Bull Market,” is now available online by visiting: bookstore.stockinterview.com or Amazon by visiting amazon.com The publication is now offered in U.S. bookstores. Please check with your local bookseller for availability.
TradeTech, and its predecessor companies-NUEXCO Information Services, CONCORD Information Services, and CONCORD Trading Company, has supported the domestic nuclear fuel cycle (uranium) industry for more than 35 years, and is widely recognized for its expertise in trading activities and its comprehensive knowledge of the technical, economic and political factors affecting this industry. TradeTech provides expert market consulting, participates in the buying and selling of uranium products and services, and maintains an extensive information database on these industries.
After publishing the weekly uranium spot price indicator in the Nuclear Market Review magazine every Friday, TradeTech publishes the price indicator on the consulting service's website at uranium.info