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 Futures Modernization Act of 2000 the time of the House action. The PWG Report was directed at ending controversy over how swaps and other OTC derivatives related to the CEA. A derivative is a financial contract or instrument that "derives" its value from the price or other characteristic of an underlying "thing" (or "commodity"). A farmer might enter into a "derivative contract" under which the farmer would sell from next summer's harvest a specified number of bushels of wheat at a specified price per bushel. If this contract were executed on a commodity exchange, it would be a "futures contract." Before 1974, the CEA only