Nov. 11 at 7:56 PM
While global primary uranium supply is in structural annual deficit already, and global secondary uranium supply, used to compensate that primary supply deficit, is now mathematically depleted
And that with current global nuclear fleet.
=> LT uranium price (now at average 85 USD/lb) starts to react on the above by going higher since early september
=> a lb transfer from spot to supply through existing LT contracts will take place taking uranium spotprice also above 80 USD/lb
China builds several new reactors each year and India is following China
$URNM $EU $URG $UUUU $GLATF