The spot price of uranium is holding at $75 a pound U3O8, TradeTech and
Ux Consulting reported, adding that they have seen evidence of increased
buying interest at that price.

Ux Consulting said late Monday that over the past two weeks
spot market volume totaled close to 2 million pounds of U3O8 equivalent.

TradeTech said late Friday that while much of the current spot demand
remains discretionary, "buyers and sellers appear to have found a price level
[$75/lb] where transactions can be concluded."

Ux Consulting, however, said that some buyers, especially utilities, are
indicating that they require even lower prices "in order to stimulate buying
activity on their part." But if utilities won't step in to clear the market of
available supply then it appears that others, such as traders, investment
funds, and producers, may be willing to buy at the current price.

--Mike Knapik, newsdesk@platts.com