2 ms·

I'm saddened to see this BS as the top comment. The coup in Niger barely had a visible effect on Uranium price[1], and the Uranium price is on an upward trend s

I'm saddened to see this BS as the top comment. The coup in Niger barely had a visible effect on Uranium price[1], and the Uranium price is on an upward trend since 2018[2]. [1] unlike the Russian invasion of Ukraine last year for instance, as the Uranium price rise in August (after the coup) has been almost equal to the one in July (before the coup). [2] see the 5-years graph on trading economics

aatd86 3y ago
The spot price increased right after. Contracts on commodities can be long term. This is also multi-factor.
- littlestymaar 3y ago
  > The spot price increased right after. What's your source for that, because the OP's graph shows a significant increase happening 1 month after the coup. > This is also multi-factor. Definitely, but I'm responding to someone claimed that “The exclusive driver in the recent spike in Uranium prices [1] is Niger”, which is literally the opposite of saying that it's multi-factor.