U.S. Utilities Quietly Worry about Uranium Supply
According to Friday s Nuclear Market Review (NMR), many market participants were left stunned by the recent record jump in the weekly spot uranium price. The market has increasingly diverged between those who have U3O8 and those without. Utilities with existing supply contracts are heaving a sigh of relief, NMR editor Treva Klingbiel wrote. And those trying to find uranium in today s climate are forced to face the reality of a seller s market, she said.
Is there pity for one market participant, who is now scrambling for very near term delivery of nearly 500 thousand pounds U3O8? Probably not. This buyer must compete with 7 others hoping to secure about 3.2 million pounds
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