Nymex to offer uranium futures contracts

The New York Mercantile Exchange (Nymex) has signed a 10-year agreement with Ux Consulting Company, a uranium pricing index and information provider, to introduce on and off exchange-traded uranium futures products. The contracts will be listed on the CME Globex and Nymex ClearPort electronic platforms on May 6 for trade date May 7.

"The experience this decade has clearly indicated that the uranium market would benefit from additional price transparency, especially in terms of forward prices,

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