2212 GMT - Uranium spot prices have plunged to US$63/lb while the term price remains steady at US$77/lb, prompting Ord Minnett to try to unpack what's going on. It contends the uranium market is gripped by uncertainty over geopolitics, citing recent commentary by the CEO of producer Boss Energy. "With the Trump Presidency enacting tariffs, but no stability as targets and timings change day-by-day, utilities have pulled back from long-term contracts," analyst Matthew Hope says. The term price tracks the level at which term prices are being settled, but it won't shift if there are none, Ord Minnett says. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
March 24, 2025 18:12 ET (22:12 GMT)
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