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Uranium Case Strengthens
The uranium spot price has remained range-bound between $85 and $95 per pound, ending June at $85.34.1 Uranium miners fell significantly in June, though they gained some of this back in the first half of July and are ultimately still outperforming the commodity year-to-date. The uranium markets continue to digest last year’s 88.54% gain and have remained apathetic to ever-strengthening fundamentals. As discussed below, over the past month, Kazakhstan has hiked taxes, M&A (merger and acquisition) activity appears to be on the rise, and geopolitical considerations continue to threaten supply. Moreover, ... (full story)
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- Posted: Jul 23, 2024 3:56pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 253
