This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

Uranium resurgence

Jump to new
frugal.rock said:
Deja vu

View attachment 157656
Click to expand...
Good evening @frugal.rock

Hoping find you well. Yes indeed, there certainly has been more than a spark generated of late
Great volume today exhibited by URNM, like to see that 6 figures. Would even be somewhat happy with around that 55 000 more regularly. Not holding.
Certainly, nice movement, great opening, then stabilisation and limited variance could well set the scene for Monday ?



Have a very nice weekend.

Kind regards
rcw1
 
Good morning
Has been reported via New Corp media today (28/06/23):

Shaw & Partners predicts a surge in uranium prices and reiterates that Paladin Energy as the "premium exposure to an expected surge in uranium prices." "The uranium sector is entering the next phase of its recovery after the long and deep downturn post-Fukushima," the broker says.

"Nuclear is becoming a more important part of the energy transition as governments face the reality that investment in renewables is not going to meet decarbonisation objectives due to limitations on transmission, batteries and firming capacity."

Kind regards
rcw1
 
Cameco making new highs. This would suggest that the POU is also higher. Cameco reports in 8 days.
I've bought some CCJ.us and will be looking at PDN. This is a spot warning. Any future trend higher for uranium will be a bumpy journey. Probably not as bumpy as copper because the uranium market is not open to the desperate retail traders.
 
sptrawler said:
IMO it has only just started its run, common sense has finally broken through and Europe will be chasing uranium hard IMO.
Click to expand...

Agree. As Pete said, might be bumpy, but looks like a pretty solid bet.

Just as long as there's no accidents that will blow it up.

 
Sean K said:
Agree. As Pete said, might be bumpy, but looks like a pretty solid bet.

Just as long as there's no accidents that will blow it up.
Click to expand...
The reality is, the options are becoming limited, accidents might accelerate the closure of old technology reactors, but that in turn will accelerate the development of new technology reactors.
At this point in time there are no other viable options, on a global transition scale.
 
Should have bought more on the dips....

There's a few companies that still need a higher price to restart or develop. I think DYL need about $70 for Tumas to get a green light and LOT need $65 I think. But, they are prices that need to be locked in as well, not just spot on a spike. So, I imagine some off-take agreements need to be made soon to get things up and running. Not sure where PEN is at with it's restart which will be the other beneficiary. Obviously PDN and BOE are on their way back to production.


 
frugal.rock said:
.. your list
Click to expand...
...
post # 168 ...exactly what I was looking for. thx.

So , is there a renaissance of a resurgence happening all around us?

i would add NXG, which is slated to be the biggest new producer (according to them)

 

Overnight movers: Uranium Soars​

The Global X Uranium ETF rallied 3.05% overnight, marking its highly close since April 2022. Uranium spot prices soared to US$62 a pound earlier this week and above the key US$60 level for the first time since 2011. Let's see if we see local names like Paladin Energy (ASX: PDN) and Boss Energy (ASX: BOE) kick on.
 



The commodity known as yellow cake leapt to $US65.50 ($101.40) a pound this week, setting a fresh high for the post-Fukushima era. The disaster at the Japanese nuclear reactor cruelled the sector in March 2011.

“Cameco is struggling to ramp up their production after curtailing it through COVID-19,” said Guy Keller, a fund manager at Tribeca. “You’ve also seen political upheaval in Niger put a question mark around supply, and Peninsula in the US saying their project is delayed by two years.”

The spot price was further propelled by a bullish report from the World Nuclear Association forecasting global uranium demand would double from 65,650 tonnes this year to 130,000 tonnes by 2040.

This comes as North American and European atomic energy companies are putting further pressure on available ore, looking to sign long-term uranium contracts outside Russia, which is still a big provider of ore and enriched uranium to the US.

Mr Keller said many of the atomic utilities were “self-sanctioning”, meaning they were actively seeking non-Russian supply.

Reactors in Japan and Germany that were set to shut down had reversed course, adding further pressure to the dynamic, and while this “is small compared to increasing Chinese demand, it is a clear bellwether for the wider industry”, said Romano Sala Tenna, fund manager at Katana Asset management.
 
and the Global Macro guys are getting excited
.
" ....But we remain very bullish on energy, thinking that oil is going to go into the triple digits. So, we're allowing energy stocks in addition to both oil and natural gas on the EMP side, and also the pipeline side. Also, very bullish on uranium, which is finally getting an appreciation after many years in the doldrums as nuclear has something of a renaissance.
Ed D’Agostino:
"Uranium stocks are going parabolic. Some of them are, at least. I mean, I've been watching it over the past few months. It's stunning. Do you think there's more room to run there?
Peter Boockvar:
"I do. I don't want to necessarily discount what you say, and that a lot of the easy money has sort of been had. But I do think that there's more upside to this bull market. Now, when the front page of Barron's has a piece on uranium, I may be a bit more nervous. But I think the supply-demand imbalances are going to last for many, many years, and that there's likely further upside in uranium... "
 
Interesting table below on world uranium production.
I had no idea that Kazakhstan was the dominant producer by far.
Oz comes third in tonnage, but we have no nuclear reactors aprt from the Lucas heights ty one.
Uranium production has declined from the highs of 2016 , with annual production still below the 2013 year.


Mick
 
You must log in or register to reply here.

Similar threads

  • Article
Bullish Signals Emerge: Market Liquidity Set to Flow into the Crypto Web3 Space
Replies
2
Views
1K
Dona Ferentes
Trump Rumoured to Establish U.S. Bitcoin Strategic Reserve
Replies
2
Views
1K
moXJO
M
Good financial and investment videos
Replies
15
Views
2K
Garpal Gumnut
Australian Use Of Uranium For Aussie Nuclear Weapon - Defence Review
Replies
14
Views
2K
SirRumpole
Special Envoy to Combat anti-Australianism. Mr.G.Gumnut
2
Replies
20
Views
1K
farmerge
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...