Just little update on uranium market dynamics as it has been a huge couple of weeks.
U3O8 soared overnight to $23 / lb on the back of more kazakh supply cuts. Trump is ordering electric grid operators to buy from nuclear and coal power plants that are struggling. PDN has put the LH mine into care and maintenance. News of Japans 9th nuclear restart is expected in early June. UK PM Theresa May is urged to fast track 10 new nuclear plants to enable cars to be electrical by 2050. All this in 2 weeks.
On the TA front, prices moving in uptrend. MA 50 + 200 look close to crossing (golden cross).
Just little update on uranium market dynamics as it has been a...
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