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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (98939)	11/30/2020 3:55:55 AM
From: Goose94	Read Replies (1) of 202934

Good news for Uranium: 1 yr ago U830 below US$25 Uranium has been trading around US$29 per pound in November, slightly below its four-year high of US$34 per pound hit in May as short-term supply concerns eased with Cameco and Kazatomprom, world's biggest producers, coming back online after coronavirus-induced shutdowns. However, these two largest miners began cutting production in 2018 to lift uranium prices, leading to a supply deficit. The suspension of operations in March and April added to concerns of a long-term shortage as demand is due to increase from the reported 55 new reactors currently under construction. Chart: tradingeconomics.com U830 Futures Quotes cmegroup.com

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