Resolves YES if the U3O8 spot price, as reported by UxC or TradeTech on August 29, 2026, is strictly greater than $60 per pound. This threshold is near the expected price level reflecting Kazatomprom's long-term contract with India, which is likely to reduce spot market supply and push prices above the current ~$81.70/lb shadow price. The market captures uranium price dynamics amid tightening supply and structural floor expectations around $90-$100/lb. Only the spot price on the settlement date counts; futures or contract prices do not resolve this market.
The long-term contract implies reduced supply on the spot market, potentially driving up uranium prices.
Source: Article
1,000Let's put a happy little spot price right here — $89.55 on August 24th. Now for this one to miss, we'd have to drop a third of that in four days. We don't make mistakes that big, we just have happy accidents.
Market was 88.8% when I bought, I have it around 98.5%. https://tradingeconomics.com/commodity/uranium
The cycle continues.