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Tag: Basin Uranium Corp.

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Uranium Market Update – Uranium Spikes 12% on Bloomberg Article About Russian Disruptions

This price increase is following a news article from Bloomberg yesterday speculating that the US might sanction Russian uranium supplier, which had previously been excluded from the Russian oil and gas import ban. UxC suggests that the article triggered a huge jump on Wednesday afternoon following its daily 2:30pm price cut-off. It appears that the response is mainly from traders bidding up the price.

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