The spot uranium market traded in a wide range in March due to off-again, on-again speculation regarding a potential US ban on Russian uranium exports.
-Uranium not originally included in US sanctions
-Two bills now in Congress to do just that
-Spot and term prices rise, as does the estimated cost of productionIt was a tumultuous month of March in uranium markets. When sanctions were first imposed on Russian exports it was assumed uranium would be included, sending the spot price surging up to US$60.00/lb. When uranium wasn’t included, the price fell back to US$48.50/lb.But bills proposing the banning of Russian uranium exports to the US have since been put forward in both the Senate and the House, sending the spot price back up again.U3O8 closed the month at US$58.20/lb on industry consultant TradeTech’s spot price indicator, which was last Thursday, up from US$49.00/lb at end-February.On Friday, TradeTech’s […]
Click here to view original web page at www.fnarena.com
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 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!
Comments