“Though the spot price of uranium has fallen to US$34.50/lb.—a far cry from the US$140/lb it fetched a few years prior—how important is the spot price of uranium? The answer: not as important as the long-term price. In fact, over six times more uranium is traded in long-term market prices than in the spot market price. Currently, the long-term price for uranium is over 50% higher than the spot price. The long-term uranium price is currently set at US$57 per pound, whereas the spot price as of this writing is US$34.50.”

http://www.caseyresearch.com/cdd/how-important-is-the-spot-price-of-uranium

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