Can someone more knowledgable in the U spot market mechanics be able to explain to me how does it work? Is there a real spot market where suppliers and customers are bidding for the price and quantity like the other base commodity?
I just can't explain why with the talk (going back years) of U supply not meeting demand and countries like USA and Russia are recyling their obsolete warhead for enrich U, the price remain depressed and don't seem to be moving up. In fact it is the other way round. If countries like India and China and S Africa are building Nucleur plants then surely there would be heavy buying to stockpile before the plants come online. Unless of cource these talks are anticipating what it would be like but not currently happening yet.
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