Uranium Week: Taking Advantage

Uranium Week: Taking Advantage

Largely absent from the spot market in 2022, utilities last week decided volatility had led the uranium spot price down far enough.

-Spot uranium price falls again on general market volatility
-Utilities pop their heads up
-Activity in term markets remains buoyant

Having all but abandoned a uranium spot market beholden to wider financial market volatility, utilities took advantage of yet another big swoon on markets last week, specifically on Wall Street, which had the spot uranium price tumbling once more.One might be drawing a long bow to connect earnings results from a US grocery chain and a discount retail chain with the demand/supply fundamentals of the nuclear energy industry, but having been sucked into the black hole of financial speculation, the spot uranium market is now but another financial plaything.Industry consultant TradeTech’s weekly spot price indicator fell another -US$4.50 to US$45.50/lb last week in transactions totalling 600,000lbs U3O8 […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet