The Spot Physical Uranium Trust acquired 40 million pounds of uranium in a single year (roughly one-third of global annual primary supply) as a 'black swan' event, locking up uranium for the foreseeable future and creating an 800-pound gorilla the market didn't anticipate.
factualpending
Speaker
Ben FineoldEvidence Quote
“They were buying more pounds that year than the Chinese were. Um it was I think 40 million pounds in a single year. To put that into perspective for your listeners, that's about a third of global annual primary supply at the time.”
Created: 8/11/2026, 6:31:16 AM
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