New Spot Uranium Price – US $95 per Pound

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Is it springtime euphoria or March Madness History is being made every few weeks in the uranium pricing market. Friday’s announcement by TradeTech’s Nuclear Market Review magazine, raising the weekly spot uranium price to US$95pound demonstrates another milestone. Soon, it won’t matter whether comparisons are made in constant U.S. dollars or inflation-adjusted currency.

This past week, three transactions were reported by NMR editor Treva Klingbiel for less than one million pounds U3O8 equivalent. Two transactions of 650 thousand pounds U3O8 equivalent contained in UF6 and one for less than 300 thousand pounds of U3O8 were completed in the past week. Material was sold for immediate and June deliveries.

Can Uranium Make You Rich In The Stock Market

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To put it bluntly, the uranium bull market is on the rise. The nuclear fuel cycle is always being closely monitored, especially the price of uranium and uranium mines. It’s easy to see how much the mineral’s stock has lifted recently, and by taking a look at a few unconventional indicators, you’ll be able to see that there’s plenty of money to be made with uranium stocks.

There is a steady stream of uranium only websites and blogs popping up around the internet since Cameco Corp announced the Cigar Lake uranium mine flooded. Although this news hasn’t exactly found its way into American mainstream media, if you do a little research it won’t be hard to see that many international investors are anticipating the uranium stock price to jump from the demand. » Read more: Can Uranium Make You Rich In The Stock Market