Nuclear Fuel Market: Uranium's 7-Year High

Copyright © 2021 Energy Intelligence Group

The market price this week reached new levels not seen since late 2014 as Sprott Asset Management's new uranium fund increased purchases of uranium concentrate for the fourth straight week. And the world's largest uranium producer Kazatomprom announced it is in talks with the Chinese to establish a new uranium trading hub that could hold as much material as Kazakhstan produces in a year.

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