Tuesday, July 25, 2006
Yet another big jump in the uranium spot price
After 4 weeks at $45 per pound of U3O8, the spot price jumped another $1.75 to $47.50 according to UxC. Of course the spot market isn't terribly liquid and the quoted price is an average, but I figure it's good news just the same.
A potential new reactor at Clinton, Ill is moving ahead slowly. The NRC completed an environmental impact study and in fact they're establishing an office of new reactors.
I've read a bit about the impossibility of getting new uranium mine permits in Australia due to the "no-new-mines" policy. The Labor party leader is pushing for ending it.