According to a report from the China Nuclear Energy Association (CNEA), uranium is in a stable spot with mid- and long-term outlooks favoring increased demand and a slight increase in price. The report observes that uranium spot prices experienced a notable decline in June, dropping from $89.75/lbs. (dollars per pound) at the beginning of the month to $83/lbs. by June 11. But the broader context here is the dramatic price hike in 2023, which saw uranium rise from $50/lbs to $100/lbs, the highest level since 2008. So uranium is declining only modestly from that price spike, and is expected to remain at an elevated level, with new production capacity slow to come online and sources of uncertainty not going away…