The enriched uranium market is all at sea

The Atlantic Action II is stuck in limbo far from the ocean after which it was named. Five days after Russia imposed tit-for-tat restrictions on exports of enriched uranium to the US, the 14-year old vessel remains anchored outside the port of Saint Petersburg, its crew presumably unsure whether the radioactive cargo they were due to collect for a US-based client can still be shipped. Moscow’s new measures, announced on Friday, come with caveats.

Years’ worth of enriched uranium inventories held by US utilities explain the past week’s relatively muted price action, according to analysts. “Flow from stockpiles is a feature of this market; no other commodity trade’s total supply is so dependent on its inventories,” says Tom Price at Panmure Liberum.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Iran discusses capping stocks of highly enriched uraniumTalks with UN nuclear agency signal republic could be willing to make compromises on nuclear programme
Fuente: FT - 🏆 113. / 51 Leer más »

Uranium market still has energyTech demand and long term deficit mean uranium bulls aren't throwing in the towel
Fuente: MiningOnline - 🏆 117. / 51 Leer más »