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Nuclear Fuel Market: Sprott Uranium Fund Amps Up Purchases

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Sprott Asset Management’s uranium fund led another price rally this week, even as buyers have yet to commit to long-term supply agreements. Meanwhile, one US producer took the first steps in preparing an existing uranium operation for production.

This week's Biden-Xi meeting resulted in a preliminary agreement to conduct "strategic stability" talks; the IAEA and Iran remain at loggerheads over the reinstallation of cameras at the Karaj centrifuge manufacturing plant; and $18 billion for nuclear production tax credits hangs in the balance as Congress debates the Build Back Better Act.
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The US government's advanced reactor program faces a potentially major stumbling block: how to get up to 20% enriched fuel needed for the two reactors.
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