financetom
World
financetom
/
World
/
RBC Capital Markets Says Uranium Spot Prices Slightly Up Week Over Week; Strong Market Allows Sprott To Buy Uranium
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
RBC Capital Markets Says Uranium Spot Prices Slightly Up Week Over Week; Strong Market Allows Sprott To Buy Uranium
Apr 17, 2024 8:16 AM

10:53 AM EDT, 04/17/2024 (MT Newswires) -- RBC Capital Markets said Tuesday that uranium spot prices were up slightly over the past week due to increased buying interest and strength in uranium equities.

RBC said strong uranium stocks allowed Sprott Physical Uranium Trust Fund (U-UN.TO) to raise capital and purchase 100,000 pounds of uranium.

According to RBC, the strong market for uranium was driven by renewed reports on severe flooding in Kazakhstan, where major producer Kazatomprom is based. But the company recently stated there has been no impact on production for now.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
MORNING BID EUROPE-Data is king, Fed its servant
MORNING BID EUROPE-Data is king, Fed its servant
Jun 12, 2024
A look at the day ahead in European and global markets from Kevin Buckland The verdict from investors appears to be that benign U.S. inflation trumps the Fed's rate outlook, clearing the way for gains in Asian equities, and potentially in Europe too. The initial shock at projections for just one U.S. rate cut this year despite a very tame...
CANADA-CRUDE-Heavy oil discount widens further
CANADA-CRUDE-Heavy oil discount widens further
Jun 12, 2024
June 12 (Reuters) - The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) widened on Wednesday: * WCS for July delivery in Hardisty, Alberta, settled at $13.50 a barrel below WTI, according to brokerage CalRock, having settled at $13.25 a barrel under the benchmark on Tuesday. * The widening comes as...
Japan's Nikkei reverses early gains ahead of BOJ's policy decision
Japan's Nikkei reverses early gains ahead of BOJ's policy decision
Jun 12, 2024
TOKYO, June 13 (Reuters) - Japan's Nikkei share average surrendered early gains to trade lower on Thursday ahead of the Bank of Japan's policy decision due Friday. The Nikkei was down 0.12% to 38,831.36 by the midday break, after rising nearly 1% to cross the 39,000 level earlier in the session as chip-related stocks tracked their U.S. peers. The broader...
EMERGING MARKETS-Latin American currencies slip, fiscal concerns hurt Brazilian real
EMERGING MARKETS-Latin American currencies slip, fiscal concerns hurt Brazilian real
Jun 12, 2024
* Fiscal deficit to shrink with higher revenues, lower rates- Brazil's Lula * Argentina loses appeal to overturn $1.7 bln bill in UK securities case * Latam FX down 1.1%, stocks off 2.4% (Updated at 3:34 p.m. ET/ 1934 GMT) By Ankika Biswas and Shashwat Chauhan June 12 (Reuters) - Most Latin American currencies fell against the dollar on Wednesday,...
Copyright 2023-2025 - www.financetom.com All Rights Reserved