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CME seeks to revive uranium trading with physical futures launch, sources say
CME Group (CME.O), plans to launch a physically based uranium futures contract in the coming months, a move that could attract more institutional money into the thinly traded and opaque market, three sources familiar with the plans told Reuters. The contract marks a departure from CME’s existing, financially settled uranium futures, which have seen scant volumes, and comes as investor interest in nuclear fuel surges on expectations of new reactor builds to meet climate targets and power energy‑hungry data centres. "This will be a huge step forward for the uranium market," said John Perdew, co-head of nuclear ... (full story)