Uranium prices continue climb

Washington (Platts)--23Nov2005

The spot price of uranium continued to rise during the past week. TradeTech
raised its spot indicator to $34 a pound U3O8 Nov. 18, up 50 cents from the
week before. And Ux Consulting raised its spot U3O8 price Nov. 21 to
$34.25/lb, up 30 cents from the week before. Market activity is continuing at
moderate to high levels this year, Ux Consulting said. In past years, activity
has slowed as the year-end holiday season approaches, Ux Consulting noted.
Analysts attribute the increased activity to more off-market buyers, such as
hedge funds.

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