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Sri Lanka nuclear deal: Russia is locking up uranium market, says expert

Sri Lanka nuclear deal: Russia is locking up uranium market, says expert | The Sri Lanka Reporter: "An investment strategist observed recent Russian nuclear deals including a pact with Sri Lanka are part of a greater geopolitical game to lockup the market for nuclear fuel, which may increase global uranium prices. He was speaking on the Canadian Broadcasting Corporation’s (CBC) radio show “The Current.”

Marin Katusa, Chief Investment Strategist at Casey Research says Russian nuclear pacts with Sri Lanka, Hungary, Belarus and the Middle East go beyond nuclear fuel sales.

“They’re not just selling uranium, they are going and building these nuclear reactors, signing long-term off takes and they are also providing capital to build these nuclear reactors. And what that will do in a year and a half — people are going to wake up and see a major increase in the cost of uranium,” he said.
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