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 swap Commodity swap A commodity swap is a type of swap agreement whereby a floating (or market or spot) price based on an underlying commodity is traded for a fixed price over a specified period. The vast majority of commodity swaps involve oil. Many airline and rail companies enter oil commodity swap deals in order to secure lower oil costs in the long term. A commodity swap is similar to a fixed-floating interest rate swap. The difference is that in an interest rate swap, the floating leg is based on standard interest rates such as LIBOR and EURIBOR. However, in a