抄録
The uranium spot price is an important indicator for policy decisions on mine development, etc. Since the commoditization of uranium on the New York Mercantile Exchange, there has been an increase in the price associated with speculative trading and other factors. In terms of the relationship between uranium spot prices and financial variables, it has been suggested that there is little impact of financial variables on the uranium spot price. However, the relationship may exist after the commoditization. In addition, geopolitical risk may have contributed to the uranium spot price as an exogenous variable. To assess the impact of the geopolitical risk index and financial variables on the uranium spot price, impulse response and variance decomposition analyses were performed using a structural vector autoregressive (SVAR) model with time series data. The results showed that the uranium spot price was sensitive to the federal funds rate.
