Kazakh supply shock to jolt uranium price | MINING.com: "The announcement made by uranium giant Cameco a month ago that it’s suspending operations at its flagship McArthur River mine in northern Saskatchewan, Canada did little to move to languishing uranium price. Last week the nuclear fuel was pegged at $23 a pound, a level it has hovered around for long stretches of 2017.
This type of supply shock will spur strength in the spot U3O8 price as a significant amount of expected production for 2018-20 is removed
On Monday, the world largest producer of uranium, surprised the beleaguered market with a larger than expected cut to production of its own."
'via Blog this'
This type of supply shock will spur strength in the spot U3O8 price as a significant amount of expected production for 2018-20 is removed
On Monday, the world largest producer of uranium, surprised the beleaguered market with a larger than expected cut to production of its own."
'via Blog this'
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