All IMO
I think the spot price does vary a lot to the actual longer term contract price the utility companies are doing.
And Also if the working group recommendations are calling for import caps on Russian and chinese uranium, then on top of the 150b US stockpile there will be a situation where US utilities will need to buy the local product as a quota or percentage of their total and just can’t buy all cheap imports as such.
This situation will then be good for the local mines as the utilities will need to source a certain % from them if recommendations come through, question is at what price?
And will utilities do forward deals with the local mines in anticipation of the recommendations going through (or subject to them going through) as such propelling the price even more.
This may lead to a 2 tier price situation as the local US product may have a higher cost to produce.
Not investment advice, do your own research, and consult a licensed adviser
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