This is just getting started, with the market waiting for Cameco, Orano, and maybe Kazatomprom to start buying onto the spot again. Eerily quiet with buyers quite happy to pounce once they do.
And given how hard Namibia and Niger have been hit by a second wave of COVID in recent months, further disruptions to primary supply from those jurisdictions can not be discounted.
2021 could turn out to be the year utilities get a supply chain shock, at the same time as Chinese SOEs secure additional UOC supply for their civilian program.
VMY Price at posting:
7.9¢ Sentiment: Buy Disclosure: Held
