Uranium Week: Nuclear Power And AI

The extensive power required to run AI models at data centres has brought nuclear energy clearly into focus.

-A volatile uranium spot market
-Ship carrying Russian uranium released from Germany
-US tech companies move to shore up supply of nuclear power

The uranium spot market was particularly volatile last week, industry consultant TradeTech reports. The sharp price movements are attributed in large part to the lack of consensus among market participants regarding the depth of buying interest.The price stability of recent weeks was welcomed by utilities, however, other market players viewed the lack of price movement as indicative of waning spot market demand. This resulted in some sellers lowering their offer prices throughout the week in order to encourage buying interest.The drop in offer prices did succeed in bringing buyers to the market, but it was also read by some buyers as a sign that prices might soften further, […]

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