This should help BOE excite Mr. Market, (from in front of the...

This should help BOE excite Mr. Market, (from in front of the paywall}:

"It was a tumultuous month of March in uranium markets. When sanctions were first imposed on Russian exports it was assumed uranium would be included, sending the spot price surging up to US$60.00/lb. When uranium wasn’t included, the price fell back to US$48.50/lb.

But bills proposing the banning of Russian uranium exports to the US have since been put forward in both the Senate and the House, sending the spot price back up again.

U3O8 closed the month at US$58.20/lb on industry consultant TradeTech’s spot price indicator, which was last Thursday, up from US$49.00/lb at end-February.

On Friday, TradeTech’s weekly spot price indicator had risen to US$59.00/lb, to marking a US60c increase week on week."

What yellow cake is complete without the icing...

"During a US Senate Energy Committee hearing last week, Uranium Producers of America president Scott Melbye stated the UPA "strongly supports legislation to impose . . . a ban on Russian uranium imports," similar to the Biden Administration's ban on the import of Russian oil, natural gas, and coal which received bipartisan legislative efforts in the Senate and House."

https://www.fnarena.com/index.php/2022/04/05/uranium-week-wild-month/

Bipartisan, both houses, Biden's already banned it, and history, rare and sad.

OV

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