MacroVoices #444 Mike Alkin: Uranium Fundamentals Couldn’t Be Better
Macro Voices
00:00
Spot Prices Mislead Understanding
Contract structures in the uranium market incentivize traders to seek lower prices, leading to significant churn with up to 40% of traded volume being mere transfers between traders rather than actual demand. The substantial volumes often cited do not reflect genuine market activity, as many overlook the contract market dynamics. This results in a misleading emphasis on spot prices, which do not accurately capture the uranium market's true state, a common oversight that contrasts sharply with perceptions in other commodity markets.
Play episode from 17:05
Transcript
