Uranium Prices Rise on Limited Spot Material Supply, UxC Says
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Uranium prices have risen about 20 percent since October because of a limited supply of the nuclear fuel being available to utilities, producers and traders on the spot market, according to data provided by Ux Consulting Co.
Uranium-oxide concentrate for immediate delivery reached $62.50 a pound in the week through to yesterday, the Roswell, Georgia-based UxC said in a report. That compares with $52 a pound in the week through Oct. 25.