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TeachMeFinance.com - explain Spot market (uranium) Spot market (uranium) The term 'Spot market (uranium)' as it applies to the area of energy can be defined as ' Buying and selling of uranium for immediate or very near-term delivery. It typically involves transactions for delivery of up to 500,000 pounds U3O8within a year ofcontract execution'. Previous 5 Terms: sporogenesis SPOT Spot commodity Spot market Spot market (natural gas) Next 5 Terms: Spot price Spot price Spot purchases SPOTNIL Spotting About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.