Nuclear Fuel Market

Spot Price Climbs to Nine-Year High

Copyright © 2021 Energy Intelligence Group

A rally driven by Sprott Asset Management's uranium fund pushed spot uranium prices above $50 per pound this week, as the fund’s uranium holdings this week reached a net asset value of $1.5 billion. So far, utility buyers remain scarce — with one US utility emerging this week for a spot purchase — but that could change as the new uranium fund raises another $1 billion to scoop up more material.

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