Uranium Week: All About Russia

The will they, won’t they question of whether Russian uranium exports will be banned by the West continues to hang over the uranium market, as spot interest picks up once more.

-Russian bans to inform uranium pricing
-US Congress moving in that direction
-Spot market interest returning despite ongoing financial market volatility

Citi sees a number of factors making the nuclear energy outlook optimistic for the coming years/decades, as countries around the world are realising the importance of having a secure source of energy, with nuclear energy being one of the preferred sources for clean energy, energy independence and security.While most utilities prefer using enriched uranium for fuelling reactors, yellowcake – U308 – can also be used with certain tails assay once converted, Citi notes. Conversion prices have reached record highs in recent months as utilities in Western Europe and North America have been preparing for potential disruption to […]

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