RE:UraniumAs you've probably heard, the leading exporter of uranium (40% of global demand) Kazatomprom just made an announcement to shut down operations to combat the coronavirus for 3 months. Most uranium stocks responded accordingly. This is on top of Cameco closing down Cigar Lake mine. Eventually the spot price might breach $30 and then who knows. It is no secret that the spot price is not enough to make a decent profit unless production costs are heald down to the levels Kazatomprom has been able to achieve.
Cameco relied on purchasing uranium from joint venture with Kazatomprom to cover some contractual obligations. I don't see how the spot price cannot be substantially affected. This could be the catalyst that finally cements a bottom in uranium prices.