Will we see a new 52 week high Uranium commodity spot price this...

Will we see a new 52 week high Uranium commodity spot price this month?

U is up 25% this month and the rate of change is ramping. Watch for trend reversal....but the difference between now and Feb is that Cameco have called the energy companies bluff and shut down the big mines. The Uranium price is a small % of cost of nuke power - the low spot situation will correct and it is just a matter of time. A sensible price is north of $50 spot

The supply demand balance was headed to 2022 to hit supply defecit with the big cameco mines operational, with them in care and maintenance that crossover has been brought forward significantly - the long term supply contracts come up for re-negotiation next few years and spot price will drive LT prices. Producers do not want their multi billion investment at risk of no fuel.