Spot jumps up againPrint Uranium spot climbs to $44/lb, highest price in nearly two years Washington (Platts)--18Nov2014/340 pm EST/2040 GMT The daily spot price of uranium was $44 per pound U3O8 Monday, up more than 20% since early November, reaching the highest level since December 2012, according to TradeTech. The price for the material has climbed in a nearly unbroken chain since November 3, when it was $36.25/lb, according to the price-reporting service. TradeTech, in its weekly report Friday, pegged the U3O8 spot price at $44/lb, up $2 from November 7, and left the price unchanged Monday. It last reported a $44/lb daily spot price in late December 2012. "Steady demand, particularly from traders, continued to fuel the price rise," TradeTech said in its Friday report. "A total of 11 transactions, involving purchases by utilities, traders and financial entities and almost 1.3 million pounds U3O8" were concluded for the week ended Friday, it said. "Spot uranium demand remains discretionary, but near-term suppliers are thin as the year draws to a close," TradeTech said. A market source interviewed Friday attributed the U3O8 spot market's price buoyancy to "buyers, mainly utilities, looking to use their budget money by the end of 2014, and supply issues." A second market source interviewed Friday said supplies are constrained because "many producers were totally disgusted with low prices earlier this year and sold out their material ... greatly reducing available supplies." Price reporter Ux Consulting, which reports a spot price weekly, reported it at $44/lb Monday, up $2.25 from November 10. The Ux daily Broker Average Price -- based on information from Evolution Markets and Numerco, Ltd.-- was $43.81/lb Monday, up 31 cents from Friday. Ux reported the BAP bid-offer spread at $43.38-44.25/lb Monday, with the bid up 25 cents and offer up 37 cents from Friday. The Platts NuclearFuel range for the week is $42-44/lb