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Marketwire reports TradeTech’s uranium spot price stabilizes with an uncertain uranium market sector.

The market news is quoted as saying:

TradeTech’s Uranium Spot Price fell more than 20 percent to US$53 per pound U₃O₈ in the days following the natural disasters that left Japan’s Fukushima Daiichi nuclear station battling numerous reactor problems, and has stabilized over the past two months. In mid May, the spot price climbed to $58.00 per pound U₃O₈ before retreating marginally, with TradeTech’s monthly spot price, known as the Exchange Value, settling at $56.50 on May 31.

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