Jul 20 2021 As the uranium spot price fell marginally last week, Morgan Stanley sees uranium as the most preferred commodity and seeks to explain its relative underperformance. -Uranium is Morgan Stanley’s most preferred commodity -The Sprott Physical Uranium Trust commences trading -Uranium spot price falls by less than -1% for the week By Mark Woodruff Uranium is the most preferred commodity by Morgan Stanley, and its commodity strategists see a tighter market going forward. Uranium’s recent underperformance, relative to base metals and iron ore, is considered partly due to its limited exposure to financial inflows and speculative activity. In addition, relative underperformance has been caused by