Ann: Update on Central Processing Plant Commissioning, page-272

people think there is a deficit beause they seperate western supply and eastern supply. I think this is a stretch and the spot price tells us the market is more likely finely balanced. All that 'good' news over the past 18 months has done nothing to boost the spot price. This tells me I am correct.
I think the real boom will come when SMR's become commercial. Large scale nuclear is not growing, only in China who are self sufficient anyway.

Trump is actively working to end the Ukraine war. When that happens and sanctions are lifted I can see uranium tumble. If SMR's become more widely adopted in , say, 2030, the real boom could begin mid-2028 or 2029.