“Further price upside near term as commercial inventories are drawn down, investment demand continues, and mine supply remains below 2019 levels. Longer term, growth continues to push price higher,” read a slide shared by a social media user.
Morgan Stanley? places #Uranium at the very top of its “Metals & #Mining Commodity Thermometer”?️ as Most Bullish Thesis of 17 mined commodities they cover.? “Further price upside near term… Longer term, demand growth continues to push price higher.”↗️⚛️⛏️? #Nuclear #ESG ?♂️ pic.twitter.com/slAp3RVuiR
— John Quakes (@quakes99) August 15, 2021
The gap between uranium spot and contract prices has narrowed for a third consecutive month, reaching $32.40 and $33.50 per lb. at end July, respectively.