Uranium

The real reason why the price of uranium is so low is the Russians signed a silly deal with the Yankees to supply uranium at extremely low prices out of their decommissioned warheads.  So you can imagine how many warheads there have been!

But that contract is expiring this year.  The supply will be outstripped by demand.  And today, I read that there was a storm in Kazakhstan which caused electrical outage to the uranium mines.  It is the world's biggest supplier of uranium.  The supply might take up to 6 weeks to re-establish.  Interesting that in Kitco, the price of uranium is down!

The Canadian had a uranium mine which got flooded many years ago.  It has not restarted!  That is the world's richest deposit.  I wonder what that mining engineer who was in charge is doing now.