Uranium Week: US Boycott Enthusiasm Fades

This story features NEXGEN ENERGY LIMITED. For more info SHARE ANALYSIS: NXG

NexGen Energy’s convertible nuclear deal stole the show in a week that saw market enthusiasm evaporate by Friday.

By Rudi Filapek-Vandyck

Uranium is experiencing its second Grand Bull Market in thirty years, with the first one sizzling out post 2007.To fully appreciate the ups and downs, and the gains enjoyed thus far into this second awakening, we’ve included an historical price chart from industry consultant TradeTech. FNArena’s weekly price graphic near the bottom of this story only shows a limited flash-back. Last week, TradeTech’s weekly U3O8 spot price started off on firm footing as traders got excited about the US Senate -finally- passing the Prohibiting Russian Uranium Imports Act (H.R. 1042) , which is aimed at barring uranium imports from Russia.The bill was officially sent to the White House on May 9 and President Joe Biden is expected to […]

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