Uranium Climbs in Past Week as Monthly Transactions Hit Record, UxC Says

Uranium rose $1.50 to $53.50 a pound in the week through yesterday, with transactions during October at a record 41, UxC Consulting Co. said in a report.

The monthly total at 5.6 million pounds of uranium traded on the spot market surpassed both March and August, Roswell, Georgia-based UxC said in a report e-mailed yesterday. The previous monthly record for transactions was 32 in May last year, it said.

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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