RE:uranium prices slipping ...Is there a tight supply? Does anybody really know how much secondary supply is still out there? No, not even Cameco. One of two scenarios are occuring:
1) There is a tight supply, but utilities are holding off until 232, or
2) There is still an abundant supply of secondary supplies that will take at least another couple
to burn off.
Right now, there isn't a panic to purchase uranium, and with the incremental spot price increases fizzling out and stabilizing at $29.XX, it seems to me that with Cameco, Kazatoprom, and few others closing down mines, it still isn't enough to overcome the glut of secondary supplies. The recent mine closures put a dent in SS, but not quite enough as you can tell by the spot stabilizing!
Hopefully, 232 doesn't end up becoming another false hope like the hype we experienced seven years ago with the Megatons to Megawatts agreement between the U.S. and Russia..
rovaniemirover wrote: ... this morning. appears that indications are down 5 cents / lb right now. not a big issue, but with tight supply and steadily increasing demand, a little surprised that the price hasn't jumped up 50 cents a day over the past week or so. Is 2019 going to be a bullish year for uranium prices? doesn't feel that way so far.