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Source: https://www.mining.com/web/kazatomprom-may-enter-spot-market-after-yellow-cake-deal/
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Kazatomprom, the world’s largest uranium producer, may buy the nuclear fuel in the spot market after a London-listed investment company exercised an option to purchase the metal.
Yellow Cake Plc, which bets on uranium prices, said on Monday that it had exercised a $100 million purchase option with Kazatomprom. Yellow Cake also said it plans to make additional purchases if it sees value opportunities.
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Kazatomprom, the world’s largest uranium producer, may buy the nuclear fuel in the spot market after a London-listed investment company exercised an option to purchase the metal.
Yellow Cake Plc, which bets on uranium prices, said on Monday that it had exercised a $100 million purchase option with Kazatomprom. Yellow Cake also said it plans to make additional purchases if it sees value opportunities.
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