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Sail Away time Ladies and...

  1. NavyDiver
    5,126 Posts.
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    05/06/25
    20:49
    Post #: 79336803
    Sail Away time Ladies and Gents

    https://www.marketindex.com.au/news/an-under-the-radar-catalyst-for-uranium-stocks

    • China General Nuclear’s new contract locks in uranium at US$94.22/lb, 52.5% higher than its prior deal, indicating tight supply and potential for higher spot and term prices
    "

    An under-the-radar catalyst for uranium stocks

    A Key Catalyst from China

    On Wednesday, China General Nuclear Power Group (CGN) signed a three-year uranium supply contract with China Nuclear Fuel to deliver over 1,200 tonnes of uranium (approximately 3.12 million pounds of U3O8) annually from January 2026 to December 2028.

    The contract features a pricing structure with 30% at a base-escalated price of US$94.22/lb (adjusted for inflation) and 70% tied to spot market prices at delivery. This contrasts with CGN’s 2023–25 contract, which had 40% fixed at US$61.78/lb and 60% spot-linked.

    LOT Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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