RE:Oct.10,2018: #Uranium Futures holding steady at US$27.55/lbWill be a slow steady climb for spot uranium over the next few years. There are a couple things though that could cause it to move up a lot quicker and the odds are good that at least one of them will happen.
232 in the states. Will trump set things in motion to support the industry there? Meaning to do so higher prices are needed.
Will the Russians end uranium sales to the Americans as the Duma perposed in discussion on Sept. 20th ?
Will large funds and players start grabbing spot supply to drive the price up as they did in 2007 ?
One, none or all of these could happen in the next while. Just as the market was looking for the excuse for a correction which they now found they will be looking for an excuse to create upward volitility in the uranium price if anything happens. Slow steady climb with a very good chance of upward price spikes is a good place to be considering the overall markets and CCO is the best in the space. N3