Spot price appears to have bottomedMarket Commentary - Sunday, February 17, 2008
Spot price appears to have bottomed
U3O8.biz
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Uranium seems to have finally found a low. The metal's recent dismal performance in the spot market is over and its spot price is stable. Both industry indicators---Ux Consulting and Tradetech---were unchanged this week at US$75 a pound U3O8, with long-term prices sitting at US$95 a pound.
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