Uranium Prices To Remain Volatile For This Year

Uranium Ux308 spot market price stays around US$47 per lb. A spokesman at the mining conference in Cape Town suggests that uranium prices will remain volatile for the remainder of the year.

Peaking at over $130 per lb. in the middle of 2007, heavy selling by hedge funds taking profits as they struggled to gain liquidity to meet redemptions was a significant contributory factor as the price fell dramatically throughout the following eighteen months. Read more