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Uranium resurgence

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qldfrog said:
Well why would putin send nickel to the west at a bargain price to make weapons killing his army
Better keep nickel home..than discounting it in flash sale..
Make sense irrespective of current glut
Click to expand...
or turn the nickel into weapons and sell those weapons to friendly nations

i see Iran is getting some modern ( Russian ) fighter jets and some ( Russian ) air defense systems
 
... given China is building more nuclear power plants than anybody else

and some of those will use thorium .... who mines/exports thorium ?

( it might actually avoid the geopolitical risks uranium has faced )
 
Imagine what happens when China try to take Taiwan by force and the West puts sanctions on them.



That spilt over to the Australian sharemarket, where a rally in uranium and nickel producers propelled the benchmark higher. South Australian producer Boss Energy surged 10.7 per cent to $2.89, West Australian explorer and producer Paladin Energy 9.1 per cent to $9.79, and developer Deep Yellow 13.5 per cent to $1.18. The Betashares Global Uranium ETF added 9.8 per cent to $7.72.

“Russia is the leader in strategic raw materials reserves like uranium, titanium, nickel,” Mr Putin said. Since Western sanctions limit exports of some Russian commodities, “maybe we should think about certain restrictions”, he said, adding that such limits should not harm Russia.

Russian exports have been unevenly targeted since it went to war in Ukraine in 2022, and yet it remains a key supplier of metals.
 
LOL

but Russia is producing and exporting ( both uranium and nickel )

how many nickel mines are still in full production in Australia ( and will they make a profit if some start again

ditto for uranium

BTW i note BHP fell today

China doesn't need to invade just cut all imports/exports to Taiwan ( and let economics do the rest ) the US is already trying to gut the industry in Taiwan
 
"The surge in uranium stocks came after a release from Cameco, one of the world’s largest uranium companies, announced a key mining site was being shut down.

Kazatomprom has informed the uranium miner that the extension was not received as expected due to the delayed submission of the necessary documentation to the Ministry of Energy.

In light of this, Kazatomprom has directed the joint venture to halt operations to avoid potential violation of Kazakhstan legislation.
Kazatomprom holds a 60 per cent interest in JV Inkai, while Cameco owns a 40 per cent share.

“We are disappointed and surprised by this unexpected suspension and we will be seeking further clarification on how this transpired, as well as the potential 2025 and 2026 production and financial impacts (including on future dividends), and what Cameco can do to help Kazatomprom and JV Inkai restart mining operations,” a note from Cameco said.

https://www.news.com.au/finance/economy/australian-economy/surprising-commodity-spike-leaves-asx-finishing-week-on-high-offsetting-us-weakness/news-story/c56cd6c5ee1f6901dcc7cd397ddfb490

www.news.com.au
 
A few uranium stocks went OK today, but I'm not sure why. Must have missed some news.

I think those juniors who had a resource and needed to go to BFS very quickly to lock in contracts might have missed the boat.

For eg, DYL had two great deposits and initially said they needed 60 buck incentive price which turned into 70 bucks and now everything is delayed until the price rises. Too late Borshoff, you cocked it up. Too old and slow.


 
@Sean K just posted this on the PDN sub-forum from Market Matters:
  • President Trump announced ‘Stargate’, a project backed by the likes of OpenAI and Oracle who will invest ~$US500bn in AI infrastructure over 5 years – the read through for energy demand lighting a rocket under uranium producers.
  • Boss Energy (BOE) +14.2%, Deep Yellow (DYL) +7.9% and Paladin Energy (PDN) +10.1% all higher.
 
Another angle from ausbiz to explain the uranium stocks surge - again Trump related. This time, tariffs on Canada:

Uranium producers Paladin and Boss Energy topped the charts with both stocks gaining around 10%, after Trump signalled he would move to impose tariffs on Canada; America's largest foreign supplier of uranium.
 
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