Peak uranium gold, silver, copper or nickel, uranium is not widely traded on an organized commodity exchange such as the London Metal Exchange. It is traded on the NYMEX but on very low volume. Instead, it is traded in most cases through contracts negotiated directly between a buyer and a seller. The structure of uranium supply contracts varies widely. The prices are either fixed or base on referenced to economic indices such as GDP, inflation or currency exchange. Contracts traditionally are based on the uranium spot price and rules by which the price can escalate. Delivery quantities, schedules, and prices vary from
Sustainable Commodity Initiative Sustainable Commodity Initiative The Sustainable Commodity Initiative (SCI) is a joint initiative launched by the International Institute for Sustainable Development (IISD) and the United Nations Conference on Trade and Development (UNCTAD) in 2003. The SCI works closely with the international community to discover ways to ensure that sustainable practices are adopted into commodity production and trade that enhance social, environmental and economic welfare on a global scale. The SCI was formed to facilitate the development of sustainable commodity production and trade sectors. The initiative works collaboratively with producers and producer organizations, voluntary sustainability initiatives (VSI's), the private sector, government institutions