Uranium Week: Uranium Joins The China Rally

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Global momentum for nuclear energy generation supported buying interest in the uranium spot price market while analysts remain positive on the longer-term price outlook and challenged supply dynamics.

-U308 spot price rallies 4%
-Solving the nuclear energy generation conundrum
-Will utilities have to come to the buying party? Has buying interest ticked up? Activity in the spot U308 market improved last week with eight transactions conducted including the Sprott Physical Uranium Trust (SPUT) which raised funds from a “surge” in buying interest last Wednesday, industry consultant TradeTech reports.The trust acquired 100klbs of U308 on Thursday at US$81.75lb. This was followed up with two buyers on Friday, elevating the spot price to US$82lb, up US$2.75lb on the week. The price rallied 4% over the last week and has risen 12% on a year ago […]

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