Nuclear Fuel Market: Spot Price Plunges on Wider Inflation Woes

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The uranium spot market dipped substantially lower this week, following investor malaise as Sprott Asset Management’s uranium share price sustained losses that began Apr. 18. But market participants speculate there’s more to the nearly $10 price slump over this past week, with many pointing to the possibility that certain parties may have pressured the price lower to hedge market-linked pricing in Uzbek offtake agreements.

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