That 12% was enough to create a surplus of uranium on the market that dropped its price to below production cost .
Economics 101 supply and demand that what it all boils down too .
I do realise long term users of uranium do not buy spot but the long term hedge price is based on current spot .
Buyers are not prepared to pay $40 as we we speak.
That 12% was enough to create a surplus of uranium on the market...
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Last
$10.40 |
Change
-1.260(10.8%) |
Mkt cap ! $3.109B | |||
| Open | High | Low | Value | Volume |
| $10.77 | $10.77 | $10.15 | $58.97M | 5.696M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $10.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.40 | 2536 | 2 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| PDN (ASX) Chart |