Washington (Platts)--26Dec2007

The spot price of uranium remained at $90 a pound U3O8, despite a flurry
of year-end activity, according to both TradeTech and Ux Consulting. In a
December 21 report, TradeTech said that five transactions totaling about
650,000 lb U3O8 occurred over the past week at price levels very close to
$90/lb. Ux Consulting, in a December 24 report, said the amount of activity
showed "there was definite buying interest" at $90/lb. But the firm said that
it appeared sellers "have slowed their pace of new offerings for now," with
most waiting until 2008 before making any new offers. The Platts NuclearFuel
range for the week was $86-$92/lb U3O8.