By Andrew Nelson

September started off as about the worst looking month we've seen in the uranium spot market in quite a while. It seemed the sluggish spot price was caught in a near perfect storm of indecision about the future of Japan's nuclear program and merciless bargain hunting, with buyers poised to swoop on any sign of weakness. But as month end neared, there were a few rays of sunshine that peeked through the clouds.

In the early part of the month, the slower the sales, the more buyers emerged out of the woodwork and the more cash-poor sellers came to the table to get deals done.