Secret World of Uranium Traders

Now this is a very interesting article on how Spot Prices for Uranium is currently done. I agree with this article's assertion that there needs to be more transparency and visibility in this market.

In mid-town Manhattan, near Grand Central Station, a lesser known
‘commodity exchange,’ run by New York Nuclear, has real-time screen trading
every Wednesday morning between 7:30 A.M. and 9:30 A.M. And the screen trading is for the real thing – the physical delivery of U3O8. The processed uranium is offered for delivery within a 30-day period at a licensed uranium conversion facility. Real product trading in real-time by real professionals, who mine uranium, consume uranium or act as a broker for either side.

No, the public is not invited to this clubby function. One must be
a certified market participant to bid for or sell U3O8 through New York
Nuclear’s Uranium Online. While NYMEX paper trading is open to amateurs and
professional traders, Uranium Online only permits recognized persons to bid or
offer uranium for sale.