Uranium Week: U308 Supply In The Spotlight

This story features PALADIN ENERGY LIMITED, and other companies. For more info SHARE ANALYSIS: PDN

The brave new world continues to reveal the heightened risk of geopolitics when it comes to global commodity supplies. This week uranium was in focus as Russia suggests a retaliation against Western sanctions and Kazatomprom hits a transportation cost hurdle.

-U308 spot market takes the backseat to the mid-term market
-World’s largest uranium producer hints at major supply cuts
-Citi is tactically bullish on U308 prices -UBS the new kid on the uranium stock stage Higher activity in near-to mid-term markets The disconnect between the spot and mid-term U308 market pricing continued last week, despite President Putin and the world’s largest uranium producer, Kazatomprom, making announcements which laid bare again the increasing role of geo-political tensions in commodity markets.Volatility in the spot price market persisted last week, according to industry consultants TradeTech, with […]

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