1) A few weeks ago KAP announced that Kazakhstan is increasi...
1) A few weeks ago KAP announced that Kazakhstan is increasing prod cost of 40% of 🌎 uranium production because they want more revenue for their country (understandable) => increases production cost for KAP and the JV partners Orano, CCJ, Uranium One, CNNC, CGN => production cost curve of uranium sector increases => seller asks a higher sell price => uranium price increases
2) uranium LT price continues to increase based on fundamentals, while uranium spotprice today is only ~5% higher than LT price
3) No back up stockpile anymore to solve 🌎primary supply deficit => significantly higher upside pressure on spotmarket in upcoming high season $Rio Tinto Ltd (RIO.AU)$ $BHP Group Ltd (BHP.AU)$
2) uranium LT price continues to increase based on fundamentals, while uranium spotprice today is only ~5% higher than LT price
3) No back up stockpile anymore to solve 🌎primary supply deficit => significantly higher upside pressure on spotmarket in upcoming high season $Rio Tinto Ltd (RIO.AU)$ $BHP Group Ltd (BHP.AU)$
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