Uranium Week: Much To Discuss

Ahead of this week’s global nuclear conference, the uranium spot price ticked higher last week as the SPUT stepped in with buying.

-SPUT buying spot uranium
-This week’s conference will focus on Kazakhstan
-US Senate launches Nuclear Caucus

The spot uranium market was quiet last week until later in the week, when the listed price of the Sprott Physical Uranium Trust moved into a premium to its net asset value, prompting the trust to purchase 100,000lbs U3O8 at US$88.00/lb.Industry consultant TradeTech reports this prompted some action from other buyers, and by week’s end TradeTech’s weekly spot priced indicator had settled at US$90.00/lb, up US$1.25.In term markets, utilities remain key buyers as logistical issues threaten to disrupt supply. A ship carrying Russian enriched uranium remains sequestered in Germany due to the presence of EU-sanctioned plywood on the vessel. That vessel was destined for the port of Baltimore.But the port of […]

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