Uranium Price

UxC consulting posted the new spot price for uranium this week at $85 /lb. That's a ten dollar increase in price and the biggest jump in the history of U3O8. I'm still waiting for Trade Tech to confirm this price jump. If you recall a recent post, I predicted $80 /lb, whoops. I didn't see this coming, because it was such a small auction (only 100k lbs of U3O8. I expect their to be price jumps just about every time any amount of uranium hits the market. This is just the most basic principles of supply and demand continuing to put upward pressure on the price of the yellow cakes.