A worker holds an intermediate form of uranium. Some North American uranium heavyweights, many with mothballed facilities, are already stepping up to the plate if supply in Kazakhstan is compromised, or utilities look for new suppliers.
Source: Pallava Bagla/Corbis News via Getty Images North American uranium producers are toying with restarting mines as volatility in Kazakhstan drives up yellowcake prices and increases the value of supply from politically stable countries.Kazakhstan, which produces almost half of the world’s uranium, has been embroiled in a week of protests, with civilians rebelling against soaring fuel prices, corruption and economic disparities. The volatility in the country has not yet disrupted shipments, but prices have responded. S&P Global Platts assessed the month spot price of U3O8 to Canada at $42.25/lb on Jan. 4 and $45.75/lb on Jan. 6, an 8.3% jump.
The price is lower than highs set in fall 2021, but a […]
Click here to view original web page at www.spglobal.com
Posting Guidelines
- Do contribute something to the discussion
- Do post factual information, analysis and your view on company valuations
- Do disclose if you have an interest in a security
- Do take our Terms of Use seriously
- Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
- Do not complain about a post unless you have reported it first, and not on the forum.
- Do not post financial advice
- Do not advertise or post sponsored content
Get involved!
Get Connected!
Come and join our community. Expand your network and get to know new people!
Comments