Spot Price Holds UpDifficult to predict the long run ramifications that current events will have on the uranium market but in the short run there has to be considerable pressure on utilities to buy. If you were a fuel buyer for a utility, would you sit back and say "I can get a better deal next month," or would you say "it's not worth the risk to wait" and buy what you can.
Let's face it. Even if the Russians temporarily turn the lights out in Ukraine if the Ukrainians don't hand over their country, nobody is phoning Russia to place a uranium order with them.