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clock Created with Sketch. 27/10/16
23:44
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Originally posted by Chev88
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Mouse I think uranium is a little different to most resources. Nuclear energy companies are willing to pay a premium to spot to lock in long term contracts. Sometimes around 10 years. This is because reactors cannot be easily switched on and off so an assured supply is vital to ongoing operation.
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Pretty much concur with everything mentioned above. I'd love to see the split between uranium sold on spot vs contract. Not an easy thing to turn these reactors up and down and steady state operation is the way to go so can see why you'd want to ensure long term supply.
