Peak uranium gold, silver, copper or nickel, uranium is not widely traded on an organized commodity exchange such as the London Metal Exchange. It is traded on the NYMEX but on very low volume. Instead, it is traded in most cases through contracts negotiated directly between a buyer and a seller. The structure of uranium supply contracts varies widely. The prices are either fixed or base on referenced to economic indices such as GDP, inflation or currency exchange. Contracts traditionally are based on the uranium spot price and rules by which the price can escalate. Delivery quantities, schedules, and prices vary from
Wholesale price index .Currently the base year has been revised from 2004-05 to 2011-12 by the Office of Economic Advisor(OEA), Department of Industrial Policy and Promotion, Ministry of Commerce and Industry to align it with the base year of other macro economic indicators like the Gross Domestic Product(GDP)and Index of Industrial Production(IIP). Under primary article group of the new WPI there are 117 items against earlier 98, while fuel and power category remains static at 16. In the new series ,there are 564 items of manufactured products compared to 318 items earlier. The indicator tracks the price movement of each commodity individually. Based