Weekly Spot Ux U3O8 Price
as of May 11, 2009
Change from previous (week)


U3O8 Price (lb) $51.00 [+5.00]

Uranium Spot Price up to $49/lb

Chart courtesy of TradeTech

As we can see from the above chart the spot price of uranium had a nice pop up to $49/lb this week which is encouraging as it is watched closely by many in the uranium space. The following comments by TradeTech accompanied their weekly update:

The uranium spot market price jumped significantly this week due to robust buying interest. TradeTech’s Spot Price Indicator is $49.00 per pound U3O8, an increase of $4.00 from last week’s value on the basis of the most recently concluded transactions. Eleven transactions are reported for the week. Utilities were buyers in half of the transactions.

Over at The Ux Consulting Company the spot remained at $46/lb.

Over at the NYMEX the futures market shows little change with contracts for June at $44/lb, October at $48/lb, December at $50/lb and March 2010 at $53/lb.

Never the less the trend upwards appears to taking shape and hopefully it will continue to do so.