Post by
Greenday on Mar 10, 2021 12:57pm
Two Spot Market Prices
Yellowcake pays $28.95 for 3.5 M/lbs on the spot market and the spot price reporting agencies report that the spot market price is $27.00 / $28.00.
So why is that?
Are the reporting agencies reporting the uranium churn price between intermediaries rather than the uranium utility "consumption" price or uranium fund "buy and hold" price.
CCO has stated several times that their RFP's go unfilled at the spot price. In other words, they cann't buy uranium at the spot price being reported by the reporting agencies.
But obviously somebody is reporting tranactions to the agencies to set the official spot uranium price. Who is it and why is it a secret?
Comment by
GovernanceQP on Mar 10, 2021 1:55pm
Perhaps you should have been asking yourself these sorts of questions a few years ago. Bad luck for you.