Russia This is likely Rosatom's
fallback action plan to purchase
Ibs of uranium held at Converdyn
site in the US that could then be
delivered to Centrus to fulfill its
contract obligations, if they can
find a willing seller. This has
put even more strain on western
uranium supply that pushed
Spot price to new 15-year highs
today.
-Bottom line, imho: as originally
reported, no ship is able to carry
uranium to the US from Russia due to
lack of insurance coverage
but, Rosatom is
working on alternative means to
make delivery in order to fulfill its
contract obligations, highlighting
just how precarious the situation
has become. Clear?