Uranium Week: All About Russia

Bills banning Russian enriched uranium imports in the US have the market concerned over availability of supply.

-Market watching progress of bills through Congress
-Concern over ex-Russian enrichment capacity
-UK introduces Great British Nuclear

Uranium market participants gathered in Washington DC last week for the Nuclear Energy Institute’s Nuclear Fuel Supply Forum. Typically when participants gather for such events, the market goes quiet, but they are also an opportunity to talk the market up.As it was, a total of 500,000lbs U3O8 changed hands in the uranium spot market last week and another 800,000lbs was purchased for delivery at the end of the year or early next year, industry consultant TradeTech reports. Sellers were unwilling to lower prices.TradeTechs’ weekly spot price indicator rose US35c to US$56.20/lb.TradeTech’s term price indicators remain at US$58.50/lb (mid-term) and US$56.00/lb (long).At the NEI meeting, attendees sought clarity around a number of issues, including pending legislation […]

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