"Kazakhstan increased its production 58% last year to become the world's Number 1 producer". Not sure if that is correct or not - probably is and sounds entirely plausible but even with that I am not convinced that the U market is oversupplied.
Lack of transparency on the precise amout of secondary supplies and how much is going to be released by the US govt from their stockpiles makes getting a clear picture on precise ss and dd fundamentals difficult. The coming end of the megatons for megawatts program could be a significant factor and will be in my view. Have covered my thoughts on that before.
It is hard to reconcile any assertions of over supply with news like this though......
http://timesofindia.indiatimes.com/india/Uranium-pinch-Only-3-of-17-N-plants-running-full-tilt/articleshow/5558513.cms
I'm not convinced there is over supply.
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