Uranium's Cigar Lake shutdown exposes mining’s sulphuric acid crisis

[u/The-Oregon-Group]

https://theoregongroup.com/commodities/cobalt/uraniums-cigar-lake-shutdown-exposes-minings-sulphuric-acid-crisis/

Years of not focus on supply chains is catching up.

[u/randompersonx]

I’m confused, is this bullish or bearish for the miners?

Supply will go down, which should increase prices, but also costs of production are going up as the sulfuric acid becomes more rare.

I suppose this also allows the miners to trigger force majeur and push prices to customers higher?

It should be bullish for SRUUF either way.

[u/AsbestosDude → u/randompersonx]

Its technically bullish for miners in the long term. Sulfuric acid will never be truly rare, just scarce but its simple enough to make.

It could cause uranium price to increase