Spot price of uranium increases

Washington (Platts)--11Oct2005

The spot price of uranium is now $33 a pound U3O8, a rise of $1 over the past
week, according to both TradeTech and Ux Consulting. Analysts said the
increase reflected the continuing belief among sellers that there is little
downward pressure on the price. As a result, sellers are offering only modest
amounts at increasingly higher prices to potential buyers. And some analysts
are now suggesting that both spot and long-term prices will pass $40/lb U3O8
next year.

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