There's millions and millions and zillions pounds of uranium stockpiled. But none of it is going to be available.
The Chinese have over 15 years of reserves which is really nothing. They won't give a lb to anyone because they want to hold all the power in the race to nuclear power dominance.
If there really is a supply crunch then term prices should hold around this level and spot will trend higher in time
BOE Price at posting:
$2.62 Sentiment: Buy Disclosure: Held
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