Uranium Week: Holiday Time

Holidays in the US and Canada last week led to a lacklustre uranium market.

-Quiet holiday week
-Uncertainty reigns in term uranium markets
-Canada embraces “transition” power

Public holidays in the US and Canada on top of northern summer holidays in general ensured a quiet week in uranium markets last week.Industry consultant TradeTech reports only three transactions in the spot market, which involved a total of 300,000lbs U3O8. While sellers lowered their offer prices over the week, buyers were largely absent.TradeTech’s weekly spot price indicator is down -US70c at US$55.30/lb.In the mid- and long-term uranium segments, concerns around logistics continue to weigh on market participants, Trade Tech notes. Transportation, insurance, banking, counterparty risks, and pending legislation in the US and EU, along with existing sanctions in the UK that could impact nuclear fuel imports from Russia, are all issues that present uncertainty for buyers and sellers.In response, utilities have […]

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