Why Uranium Has Outperformed Other Commodities Amidst Tariffs

Yeah, I mean I think it's fair to say that all commodity markets have been impacted in in one way or another by shifting geopolitical uh tensions and trade wars and obviously tariffs which have been on and off again.

Um uranium has actually done quite well uh relative to other commodities because uh is largely exempt from any tariffs and that's because the US is very dependent on other countries for this critical material.

The US is still a very small producer of uranium but still is the largest consumer of uranium in the world.

So this mismatch um is is is not surprising to us why tariffs are not applicable.

So it is I think u a very good signal to utilities.

They don't have to be concerned about buying fuel and whether it was going to be hit with these tariffs.

Uh and that should help utilities come back to market and start buying uranium