So Cameco and Kazakhs decrease supply. Cameco then decided to buy spot to fulfill their contractual obligations because it is cheaper. Is that what you deem demand pressure? Sounds like price manipulations to me. Meantime japs surpluses from their still shut power plants are the over hang.
I can see spot moving up. It did that last year too. I’ll come back when there is “real” demand ie. Japan embraces by going whole hearted back in. Bottom pickins the sector remains a bull trap but first in gets the big mover advantage. Good luck.
Who is giving advice? I’m only offering my opinion. Is this forum only for like minded bias?
uranium: like gol was 10 years ago, page-259
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