Uranium decline nothing to fear

FP reports on uranium price decline.

The article is quoted as saying:

TradeTech said there was a “non-traditional” seller in the market offering 800,000 pounds of material. Mr. Barnes wrote that he understands the seller is Chinese. The Chinese want uranium to be processed in China itself, and the material that was sold was effectively “stranded” at a Western converter, Mr. Barnes said.

“Rather than have the uranium concentrate converted in the West, the Chinese sold it in favour of material that could be imported into China as uranium concentrate and processed domestically,” he wrote.

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