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YLLXF - URNM: A New Pure Play Option For Uranium Investors
Yellow Cake Plc
A supply shortage is imminent in the uranium market. Some analysts believe that the market is already in deficit. Current spot prices are still well below historical norms, and a large portion of nuclear utilities need to renew long-term contracts soon. Nuclear utilities are waking up to the fact that a shift is occurring. Spot prices increased at the end of November on higher than typical volumes. The narrative shift is beginning.
History shows that narrative shifts in the uranium market can be quite dramatic.