new funds. Early this week, the world’s biggest producer...

new funds. Early this week, the world’s biggest producer Kazatomprom launched a uranium fund of its own in partnership with Kazakhstan’s central bank and Genchi Global Ltd., an Emirati investment firm. Chief Executive Officer Mazhit Sharipov said in the statement that the fund will be operating in an environment of tightening supply, driving positive benefits for its stakeholders. Investors’ newfound interest in uranium predominantly through Sprott’s physical uranium trust, which started to buy the commodity on the spot market in mid-August. Meanwhile, the International Atomic Energy Agency upgraded its projection for nuclear energy and now expects global nuclear-generating capacity to double by 2050.

So the biggest producer has it's own fund also .. Well i wouldn't be seeing any price falls when the biggest player can just slowing down the output and sales and make everyone happy including Kazatomprom it self .This is a great news for GTR when we have good tenements in the USA where they need local supply of uranium .