Uranium tops Morgan Stanley’s commodity thermometer

“Additional value upside close to time period as industrial inventories are drawn down, funding demand continues, and mine provide stays beneath 2019 ranges. Long run, progress continues to push value increased,” learn a slide shared by a social media person.

The hole between uranium spot and contract prices has narrowed for a 3rd consecutive month, reaching $32.40 and $33.50 per lb. at finish July, respectively.