It's getting frustrating here, waiting for the supply demand...

It's getting frustrating here, waiting for the supply demand imbalance to have a significant effect on U price.

Obviously this is a very opaque market and the current and looming supply deficit can be ameliorated by the Utilities due to uncertain stock overhangs, LT contracting volumes and trading positions.

It seems only immediate impact to the supply side will shift the dial. This primarily equates to SPUT ( and a few other funds), and the slower stacking activity in recent months is the main reason spot prices have languished in the mid $40's/lb.

Massively significant demand side boosts have no immediate or imminent effect due to their long gestation.
- China's planned build out of 150 reactors,
- Frances planned build out of 6-14 reactors,
- US $6BN fund to preserve Nuclear Infrastructure,
- EU taxonomy,
- COP26 impact to Political class thinking on Nuclear Power,
- SMR potential.

I feel only SPUT can bring immediate impact, break the inertia and shift this current sentiment.

FT