Washington (Platts)--20Feb2008

The spot price of uranium remained at $75 a pound U3O8 this week, with
both TradeTech and Ux Consulting saying sellers are resisting lowering their
offer prices.

And while buyers are continuing to look for opportunities to conclude
deals at lower prices, there was a growing sense among market analysts that
the price gap is closing. Ux Consulting late Tuesday said some buyers are
"considering buying as they believe the current price may be primed for a
rebound." The price reporting company said that as a result "we may see more
buying in the near future."

TradeTech late Friday said it was unable to confirm rumors in the market
last week of a sale of 800,000 pounds U3O8 at a price of about $65/pound.

The Platts NuclearFuel price range for the week was $68- $78/lb U3O8.

--Mike Knapik, newsdesk@platts.com