What's been happening in the past say 4 years is buyers at Power Utilities have been moving from term contracts to spot. They've been incentivised to do so.
When it starts to go up guess what they're going endeavour to do. what we see is "speculators" lie The U ETF and followed by PEN and BOE and others (like Cameco?) typing up supply buy buying cheap lb's.
BTW, there's every chance Kaz might get into a dispute with Russia. Like Ukraine.
what is happening is Germany & Japan are turning on reactors and the Us the same but endeavouring to secure strategic supply. France is selling nuclear energy to Germany for their reactors.
What I said before about China (Sicuan) the reason they are shutting factories is their power is 80% hydro and the Yangtaze is isn't running due to the drought.
I'm no greenie but I'm prepared to intrest in my field to help as long a sit's economically rational.
All IMHVO.
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