The enriched uranium market is all at sea

  • 📰 ftenergy
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Russia’s retaliatory restrictions on exports to the US have yet to hit prices

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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

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