The spot market price of uranium September 10 was at ornabove $48 a pound U3O8, according to several analysts whonwere divided over the price’s future movement. Somenbelieved the price would continue to rise based on the buy-ning of uranium producers and other non-utility entities. Butnothers expected it to begin to retreat if buying interest at cur-nrent prices dried up and more supply became available overnthe last three months of 2010.n“I don’t think anyone in this market is really confident ofnwhere the price is right now, much less where it is going overnthe next month,” said one longtime market observer.
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