Players from the uranium space are gaining market attention after the news came in the media last week that US president Joe Biden is weighing sanctions against Russia’s nuclear power supplier, Rosatom. In the past few days, uranium prices have been moving up due to the Western sanction on Russia. The news has aggregated the already frayed market, pushing prices even higher.
On a weekly chart during the time frame 31 December 2021 till last week 11 March 2022, there was a significant increase in the uranium price.
Image Source: Refinitiv
However, this week, there is a slight decrease in the uranium prices, evident as per the UXXG3 Commodities Exchange Center UxC Uranium U3O8 Composite Commodity Future chart.
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