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 Commodity price shocks Commodity price shocks are times when the prices for commodities have increased suddenly. At the time of the 1973 oil crisis, the price of corn and wheat went up by a factor of three. The 2007–08 world food price crisis saw corn, wheat, and rice go up by a factor of three when measured in US dollars. Global commodity prices fell 38% between June 2014 and February 2015. Demand and supply conditions led to lower price expectations for all nine of the World Bank‟s commodity price indices - an extremely rare occurrence. The commodity price shock in