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Commodities 2024: Market participants see geopolitical issues driving uranium spot market

January 20, 2024 Comments Off

Recent surges in uranium spot prices have market participants looking to new production to help mitigate the growing supply-demand imbalance against the backdrop of heightened geopolitical tension. Supply chain issues, growing international political risks and a sense that demand will continue to outpace supply are just a few of the drivers that Paul Goranson, CEO of US-based uranium producer enCore…