CAPITAL MARKETS

The pricing of yellowcake

GOLDMAN Sachs JBWere commodities analysts Malcolm Southwood, Paul Gray and Marc Bonter shed some light on the pricing mechanics of the opaque uranium market in a report on the sector published last month.

Michael Quinn

Uranium trading is predominantly a direct deal between buyers and sellers. Contracts traditionally specify a base price, such as the spot price, and rules for escalation – often relating to economic indices....

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