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General TradingU

Uranium

A heavy metal element that serves as the primary fuel source for nuclear power generation, traded as a commodity in both spot and long-term contract markets. Uranium prices are influenced by nuclear energy policy, reactor construction pipelines, mine supply disruptions, and geopolitical factors affecting major producing nations like Kazakhstan, Canada, and Australia. Interest in uranium as an investment has grown alongside the expansion of nuclear energy as a low-carbon power source.

Example

Spot uranium prices surged past $80 per pound after a major producer in Kazakhstan announced production cutbacks, tightening an already undersupplied market.