The Energy Report: During your last interview with us in May, spot uranium was around $51 per pound ($51/lb), with some apparent stability at that level. Now spot is ~$42.50/lb. What’s the source of the downward pressure?
Rob Chang: The excess inventory that was available for sale, most notably from Japan, has been going back into the market, depressing spot prices. Plus, the general market malaise surrounding the commodity contributed as well. But that has notably changed in recent months.
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