Australian (ASX) Stock Market Forum

Uranium Price - Where is it heading?

I have no idea what happens with spent rods, are they at the end of the day reasonably 'harmless', compared to a new rod.

No, the spent rods are definitely NOT harmless, they are far more radio active than new rods, and need to be stored in cooling ponds for many years as they continue to generate heat and throw off large amounts of radiation.

At the moment almost every nuclear plant in the USA is just stock piling these spent rods on site, once they are cool enough they remove them from the cooling ponds and seal them in dry storage casks and pile them up.

If the USA ever begins reprocessing these spent rods like the French, Japanese and Chinese do, There will be huge quantities of cheap new fuel rods hitting the market.

----------------
When Atoms of uranium are split in the process of nuclear fission, they transform from into new lighter elements that are much less stable and that throw off far more radiation as they decay into stable elements.

for example Uranium has a half life of thousands of years, so it emits relatively small amounts of radiation over thousands of years, however the spent fuel rods include new lighter elements with half lifespan's ranging from minutes, to decades, to centuries that throw of huge amounts of radiation over their much shorter lives.

think of it kinda of like the difference between a candle releasing the energy from 1 litre of wax over the space of 24 hours vs a 1L bottle of petrol smashing and burning up in 2 minutes, both release similar amounts of energy, but one releases it much faster, so they both are dangerous in different ways and over different time frames, but working around the candle is much safer than the broken bottle of petrol burning up.
 
Uranium price has been on the move for some time now. We've seen the effect in most of the ASX uranium companies.
Could be a climactic top overnight.

ura0712.PNG
 
Most of the uranium stocks on my watch list are teetering on the edge of breaking some downward support. Looks ugly.

Uranium not really doing much either...

Perhaps McArthur River and Kazatomprom ramping up are putting a cloud over developers and re-openers.

Screenshot 2023-03-20 at 4.20.43 pm.png

Screenshot 2023-03-20 at 4.20.59 pm.png
 
plus China is now buying from russia outside of the open market.
My uranium play BOE has been a huge fail:-18% as I exited today
I might win the wooden spoon competition for the month
 
Pretty much all the stocks in the sector are going down, I keep track of a few and none of them having any strength in share price at the moment.

Uranium stocks will turn someday IMO, but just don't know when...
 
Pretty much all the stocks in the sector are going down, I keep track of a few and none of them having any strength in share price at the moment.

Uranium stocks will turn someday IMO, but just don't know when...
Good evening aus_trader
BKY jumped up out of the wilderness 17.74% worth of jumping... Not sure why. No announcement. Have on rcw1 watchlist.
Not holding.

Have a good day tomorrow

Kind regards
rcw1
 
Good evening aus_trader
BKY jumped up out of the wilderness 17.74% worth of jumping... Not sure why. No announcement. Have on rcw1 watchlist.
Not holding.

Have a good day tomorrow

Kind regards
rcw1
Interesting @rcw1, thanks for posting. It's one that wasn't in my watchlist of Uranium stocks.
 
This sort of thing has been talked about for a while but doesn't seem to have done much to the POU. Maybe Canadian and Khazak supplies and enrichment elsewhere are going to cover it?

Screenshot 2023-04-18 at 8.56.35 pm.png

President Vladimir Putin will no longer be able to sell nuclear fuel to Western countries after Britain, the US, Canada, Japan and France agreed to wean themselves off Russian energy supplies.

Russia is a big exporter of nuclear technology and fuel to the West despite the war in Ukraine. Last year France and the US spent a total of about $US1.2bn ($1.8bn) of Russian energy, a report by the Royal United Services Institute said.

At a meeting in Sapporo, Japan, Western allies at the weekend agreed to move away from Russian supplies. The deal will ensure a supply of nuclear fuels during the war and enable co-operation on finding future sources.

Fuel such as enriched uranium is used to operate nuclear power stations, which make up 15 per cent of Britain’s energy supply. About 69 per cent of France’s energy is nuclear.

British Energy Secretary Grant Shapps said Mr Putin had tried to use Russian oil, gas and nuclear technology to hold the world to ransom. “This is the next vital step, uniting with other countries to show Putin that Russia isn’t welcome any more, and in shoring up our global energy security by using a reliable international supply of nuclear fuel from safe, secure sources,” he said.
 
First decent sign that it's breaking north.

How can China be building so many reactors when #BlackOutBowen tells us it's the most expensive energy in the World?

Screenshot 2023-05-04 at 7.31.14 am.pngScreenshot 2023-05-04 at 7.30.58 am.png
 
Top