Spot uranium price edges slightly lower

Platts.com reports uranium spot price price edged slightly lower by $0.25 a pound.

And one analyst described that price as a soft $41.50. This analyst and others expect that Taiwan Power, which is looking for up to 300,000 lb U3O8 equivalent for delivery anytime up to December 21, will see lower prices when offers are submitted to the Asian utility July 20.

 Also due July 20 are offers to the US’ Public Service Electric and Gas, which is looking for about 260,000 lb U3O8 equivalent for delivery in 2010. PSE&G is also looking for about 520,000 lb U3O8 equivalent to be delivered in 2011-2012 and up to 425 mtU per year (about 1.2 million lb U3O8 equivalent)
starting in 2015.

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