Mining Weekly reported that according to Fitch Ratings, uranium spot prices are likely to remain under pressure for the rest of the decade owing to high inventory levels, recycling of already mined uranium and the slow restart of Japan’s nuclear reactors.
According to the market report:
The extended period of oversupply also contributed to a big build-up in utilities’ uranium stockpiles, with European utilities having enough fuel to last three years and Japan utilities enough for four to five years.
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