"The uranium spot price reached US$37/lb overnight (+11% WoW), its highest level since 2015. Financial players are clearly accelerating price discovery, but this would not be occurring if there was not a fundamental and substantial supply deficit. Additionally, with the spot price still well below our view of the incentive price required for necessary mine restarts and new developments to balance the market, we believe this cycle has a long way to go."
MEU Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held
