Russia's oldest investment bank Troika Dialog is forecasting that Uranium prices may fall as low as $95 per pound within the next few months. However, Troika reiterated its target price of $115 for 2007 and $140 for 2008.

"We expect price growth to resume in autumn, when the active purchasing season starts," Mikhail Stiskin, an analyst at Troika Dialog stated in a report issued this week.

Ux Consulting reports that spot prices for Uranium slipped to $110 a pound for the week ending August 4.

Prices have been pressured by The U.S. Department of Energy’s sale of up to 200 tons of uranium hexafluoride (UF6,). Bids for this sale are due August 17.