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CME seeks to revive uranium trading with physical futures launch, sources say

From kitco.com

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)

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