Despite the fact NYMEX uranium futures prices remain within all-time-high territory (ignoring 2006-2007) and well above pre-Fukushima levels, uranium stocks are being slammed on Friday. Spot prices for uranium fell overnight to US$85.00/lb, but once again, that’s actually above where uranium prices were before the Fukushima nuclear reactor event caused a 10-year uranium winter, if you will. So what’s going on? You could say it’s poetic: the reason uranium prices started going up in 2024 in the first place is the same reason why traders are now selling off uranium stocks. It’s all to do with Ka…
