RE:RE:alsoThis is the point I was getting at earlier. Production cuts out of Kazakhstan are very important because producers in Kazakhstan are forced to sell mined uranium on the spot market by law, due to transfer pricing laws. (Mostly to prevent corruption). The main takeaway here is that uranium producers need to sell at a publicly verifiable price (Spot Market). So, when the Kazakhs cut production, there is less material available for utilities to immediately buy for the creation of fuel rods, (a process that with a very long lead time).
So when there is less U available on the spot market compounded with producers buying, traders buying and utilities buying... that forces the price back into equalibreum, albeit artificially, until the price of uranium rises to a level where it is once again profitable to mine vs sourcing on the spot market. And that my friends is hopefully what we are setting up for in 2018.
The move can be sustained and violent at the same time.