Washington (Platts)--28Aug2007

The spot price of uranium appears to have settled for now in a range of
$90 to $95/pound U3O8, according to Ux Consulting and TradeTech.  

     Both price-reporting companies said they are seeing indications of
renewed buying interests at these levels, as well as signs that sellers are
growing increasingly resistant to offer material at fixed prices below those
levels. 

     If the price stabilizes, both companies said they expect buyer interest
to increase. The rapid decline in the price over the past two months--from a
high of $136 to $138 a pound at the end of June--left buyers hesitant to
commit to a fixed price today if they believed the price was going to continue
to fall. 

     Separately, the long-term price continues to hold at $95/pound U3O8, both
price reporting companies  said.

     Ux Consulting late Monday kept its price at $90/pound U3O8, the same
level it published a week earlier. TradeTech lowered its price late Friday to
$95/lb, a drop of $10 from its previous price.

		--Mike Knapik, newsdesk@platts.com