Spot uranium price rises

Washington (Platts)--9Dec2005

Ux Consulting raised its spot uranium price this week to $35.25 a pound U3O8,
up 75 cents from the week before. Ux Consulting said that sellers were
continuing to raise prices and were finding willing buyers. Price
expectations, the consulting company said in its weekly report, are playing a
key role in the market, "so much so that they have the potential of being
self-fulfilling prophesies." Other analysts, however, are noting the emergence
of "desperate buyers," those who have left some requirements unfilled with the
expectation--mistaken as it has turned out--that prices would begin to fall.
This demand, these analysts said, should continue to push prices higher.

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