Uranium Week: Supply Deficit

Any sanctions against Russian uranium will only widen an already existing supply deficit as the world looks to nuclear energy as a “green” alternative.

-No word yet on uranium sanctions
-Sprott looks to list in New York
– Quieter week in the spot market

US and European Union economic sanctions against Russia have yet to formally include nuclear fuel imports, but the uranium market is making the assumption some type of restriction, that would allow sufficient time for utilities to secure alternative supplies, is inevitable.The risk that sanctions could be imposed is placing ever greater pressure on utilities to lock in commitments with existing suppliers or emerging suppliers that are perceived to present less jurisdictional, supply chain, and transportation risks, industry consultant TradeTech reports.This is exerting even more pressure on the market and sellers are responding by actively raising their offer prices or seeking long-term contracts that will protect […]

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