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Article: Feeding Frenzy Sends Weekly Spot Uranium Price to Record $72/pound.
- Article from:
- M2 Presswire
- Article date:
- December 17, 2006
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M2 PRESSWIRE-17 December 2006-StockInterview.com: Feeding Frenzy Sends Weekly Spot Uranium Price to Record $72/pound(C)1994-2006 M2 COMMUNICATIONS LTD
RDATE:16122006
Sarasota, FL - According to TradeTech's Nuclear Market Review' magazine, the weekly spot uranium price jumped to $72/pound for the week ending December 15th. The more than ten-percent price increase - $7/pound - was the largest percentage jump in the 38 years of record-keeping for the weekly spot uranium price.
The price increase resulted from a number of bids for an offering by a U.S. uranium producer of 260 thousand pounds of U3O8. According to Klingbiel, "The producer received ...