Utilities maintain inventory levels in excess of 24 months to hedge supply risk, and with a 2-3 year fuel cycle, they are now buying uranium for 2025-2027 delivery at today's prices, creating forward demand pressure that drives spot prices higher.
causalpending
Speaker
Nick LawsonEvidence Quote
“utilities will try and keep inventory levels in excess of 24 months...if you're buying now, you're buying in 25 for 27 delivery...We'll start bidding up pounds now.”
Created: 8/11/2026, 6:31:16 AM
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