Nuclear Fuel Market: Uranium Price Jumps on Supply Scarcity Fears

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The uranium spot market climbed by $7 per pound to pass the $50/lb. U3O8 threshold this week, largely on buyer concerns that Russian supplies — largely enriched uranium product (EUP) — could be disrupted by sanctions on Russia's energy trade. So far Russian financial institutions have been exempted from sanctions on Russian energy exports, and Energy Intelligence understands that, save for an expedited flight of fuel assemblies from Russia to Slovakia, all nuclear fuel deliveries from the Russian Federation are on schedule.

Nuclear Fuel, Ukraine Crisis
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