Sep. 16 at 2:13 PM
Hi everyone,
1) What’s the difference between early2018 till ~2H2023 & now?
The global surplus inventory created in2011-2017 (inventory X) used to solve the global structural primary uranium deficit since early 2018, is now mathematically depleted
With inventory X & western underfeeding gone, most lbs sold through spot by Uranium One & others in 2H2024/2025 will be lbs from CURRENT productions, not old lbs of old stockpiles!
Current production = primary production, not secondary supply
Consequence: each lb uranium bought by a producer now is a lb taken away from another stakeholder (another producer, an utility or intermediary) used to buy some uranium in spotmarket in the past!
With spot lbs from primary supply you don’t solve the primary deficit
Producers, Utilities & Intermediaries ⚔️ for the same lbs of uranium from current production
1/3
$UROY $NXE $URG $GLATF $FCUUF