December 9, 2025: Price stability does not mean market softness

This episode of Uranium Spotlight, dated December 9th, 2025, reports on a flat uranium spot price amid thin trading, with the market showing reduced visible offers and a shift towards long-term contracting. Geopolitically, Kazakhstan is moving to consolidate its uranium sector by requiring Kazatomprom to hold 90% ownership in all mines upon contract renewal, potentially polarizing global supply. Niger is also increasing nationalized control over its uranium assets, shifting production towards Russian-aligned partners, further bifurcating the global supply chain. Concurrently, China's only domestically listed uranium miner saw a dramatic debut on the Shenzhen exchange, signaling China's aggressive strategy to secure future fuel needs for its expanding nuclear program.