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
Commodity price shocks the second half of 2014 cannot be attributed to any single factor or defining event. It was caused by a host of industry-specific, macroeconomic and financial factors which came together to cause the simultaneous large drops across many different commodity classes. Amongst these, the transition of China's economy to more sustainable levels of growth and the shale-energy boom in the United States were the dominant demand-side and supply-side factors governing the downturn in global commodity prices. Commodity price shocks Commodity price shocks are times when the prices for commodities have increased suddenly. At the time of the 1973 oil crisis,