While the third quarter (Q3) of 2019 did not set all-timerecords as reported in the same period of 2018, the quarter experiencedmoderate activity and slightly higher-than-averagevolume levels. However, Q3 2019 was generally characterizedby lackluster price movements. Coming off June’s veryslow market with low volume, the quarter also posted thelowest monthly number of transactions for the year in August.And, while the 232 investigation was put behind us in mid-July, which resulted in a slight increase in the number oftransactions late in the month, a projected increase in overallactivity that some market participants were expecting did notemerge. Instead, other political issues continued to play a rolein shaping, or in this case, potentially curtailing a revival inspot activity. As a result, spot prices fell and generally remainedflat during the quarter. Outside of one notable exception,spot prices floated around the $25 level for most of thequarter. Below are some highlights of the third quarter spoturanium market.
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