HubSpot Stock Has Never Looked So Good. I last wrote on the uranium market in February 2017, “Supernova Investing: Uranium”. Re-investment in uranium mines is required. Appia Intersects up to 11.035 wt% Total Rare Earth Oxide and 0.025 wt% Gallium Oxide over 2.8 Metres and Discovers New Uranium Mineralization on the High Grade Alces Lake Property UxC* $28.80 US$/lb February 08, 2021 TradeTech $29.75 US$/lb January 29, 2021 Upgrade now . This is partly related to shorter-term concerns over COVID-19 and resulting supply […] Worth noting is that the current spot price (approx. The spot price of uranium (U3O8) has risen by 36% since the start of 2020, to a recent high of US$34/lb. The uranium spot price has trended steadily upward in 2020. Deep Yellow tags more Namibian uranium at Barking Gecko . All Instrument Types. Atomic energy officials raise red flag on dangerously high uranium levels in Telangana Prices are published by independent market consultants UxC, LLC (UxC) and TradeTech. Uranium does not trade on an open market like other commodities. ", Dryblower makes a movie: 'How Green Was My Billionaire', 'Back to the future' as lithium prices soar in China, Dryblower on silver and other lessons in rigging a market, Gold has established a floor at US$1400/oz, Bannerman cashes up for Etango uranium work, Paladin confirms restart cost but will 'keep mum' on yellowcake price needed, Macarthur's high-grade Yilgarn iron project set to roll, Sprott-backed Silver Mines polishes project in time for bull run, Nickel discoveries putting St George on investors' radar, Jamieson's iMOS brings technological edge to toolkit, Copyright © 2000-2021 Aspermont Ltd. All rights reserved. It further noted many medium sized projects in the middle of the curve are restarts of projects with a history of cost and technical challenges. The latest edition of the OECD Nuclear Energy Agency (NEA) and International Atomic Energy Agency (IAEA) joint report on uranium … Uranium price outlook keeps everyone guessing . Re-investment in uranium mines is required. Menu. Still, uranium has a strong fundamental backdrop with supply set to stay quite scarce after record deficit in 2020 and demand set to increase in the next two decades from the construction of … Uranium supply was in deficit in 2020, and delays in launching of new mines — due entirely to the fact that the uranium price is still well short of making such mining economic — has just exacerbated the problem. Uranium has outperformed major commodities this year, even as the energy sector has suffered from the coronavirus pandemic. The uranium spot price remains below US$30 per pound. Uranium, whiskey and snake found in stolen car pulled over by police. ALX Resources requests permit to drill at Gibbons Creek uranium project. Detailed financial information on Uranium Futures. Breaking News. Fast News February 3, 2021. Uranium price outlook keeps everyone guessing. "As the market moves into deficit (in the late 2020s), we expect prices to increase more significantly and forecast a long-term uranium price at $50/lb, which we view as the necessary incentive price for new mine supply." 2020 was a year with a record uranium deficit, which will help to speed along the recovery in price. Uranium, whiskey and snake found in stolen car pulled over by police. After Fukushima, uranium prices entered a period of steady decline until the price fell below US$18/lb in late 2016. Sketchers U.S.A. Stock is a Pullback Opportunity Here. to Mining News, Mining Journal Intelligence Global Finance Report 2021, Mining Journal Intelligence World Risk Report 2020 (feat. The uranium market is prompting cautious optimism for observers after a 30% price rally since spring 2018, but developing a uranium mine remains a risky proposition for a host of reasons. Then it rose gradually again, until the uranium bubble of 2007. Buyers and sellers negotiate contracts privately. Uranium prices had risen 1.7 per cent by the end of last week and have risen nearly 20 per cent in 2020 to date, making it one of the best-performing commodities of the year. Fission Uranium (TSX: FCU; US-OTC; FCUUF) plans to drill 43 holes (12,640 metres) this year at the Triple R deposit at its Patterson Lake South project… News February 2, 2021. Iran could enrich uranium to 20 percent within 4 days: atomic chief. InvestmentPitch Media Video Discusses Blue Sky Uranium, Currently Recommencing Drilling its Uranium-Vanadium Project in Argentina, as its Featured Company - Video Available on Investmentpitch.com, Top uranium miner Kazatomprom meets 2020 guidance, production drops 19%, Berkeley threatens to claim 500 million euro from Spain if proposed uranium mine vetoed, Denison shares up on bonanza 7.66% uranium oxide interval, Iran says production of enriched uranium exceeds goals, French nuclear giant Orano obtains uranium exploration permits in Greenland, Uranium Energy restarts project in Texas, wants to capitalize on the U.S. uranium reserve program, GoviEx to Join Solactive Global Uranium and Nuclear Index ETF, Appia Intersects up to 11.035 wt% Total Rare Earth Oxide and 0.025 wt% Gallium Oxide over 2.8 Metres and Discovers New Uranium Mineralization on the High Grade Alces Lake Property, Kazatomprom confirms 128 positive COVID-19 cases at two uranium mines, Skyharbour Resources Ltd : Skyharbour’s Partner Company Azincourt Energy 2021 Winter Drill Program Preparations Underway at East Preston Uranium Project, Top uranium producer Kazatomprom quarantines two mines over COVID-19 emergency, Drill Mobilization Commences at Forum's Fir Island Uranium Project, Top uranium producer Kazakhstan decreases output by 15% in 2020, Australia’s Ranger uranium mine ceases production, Skyharbour Resources Ltd : Skyharbour Expands Maverick East Zone with Additional High Grade Uranium Discovered in the Basement Rocks and Announces Upcoming Winter 2021 Drill Program, Europeans press Iran to back down on uranium enrichment, Salamanca Provincial Council terminates collaboration agreement with Berkeley, hopes to derail uranium project, Westwater sells its uranium business to enCore, focuses on graphite, Iran ramps up uranium enrichment and seizes tanker, Iran seizes oil tanker and enriches uranium amid mounting US tensions, Iran says it is enriching uranium with 20% purity, Iran starts 20% uranium enrichment as tanker feared seized, Top uranium miner Kazatomprom sells its solar power business, Russian ARMZ exceeds its 2020 uranium production target, sees 29% revenue growth from non-uranium businesses, Azarga Uranium files amended PEA for Dewey Burdock project, raises C$6M, Top uranium miner Kazatomprom sells 49% interest in two mines to China’s CGN, Why Lithium Americas and Uranium Energy Stocks Popped Today, But Bloom Energy Stock Dropped, New IAEA data shows no shortage of uranium for global nuclear energy programs, Uranium One reports 6% production decline in Q3 2020; revenue drops by 19% on lower sales, Forum Updates Shareholders on Its Uranium Projects in the Athabasca Basin, Saskatchewan, Why Uranium Energy Corp Stock Popped 12.5% Today, Uranium Energy (UEC) Looks Good: Stock Adds 6.7% in Session, Why Uranium Stocks Raced Higher This Morning. Uranium does not trade on an open market like other commodities. ET, the lowest price since Dec. 4 when it was $29.50/lb. Rick Rule, President and CEO Sprott US Holdings Inc has been pushing uranium since 2018 and feels the price will rise further. Prices have fallen slightly from the highs recorded after the closure announcements. View CVVUF's stock price, price target, earnings, forecast, insider trades, and news at MarketBeat. Tag: Uranium News Dissecting the SLU3O8 Uranium Price Outlook. Uranium Price. Made In NYC | Analysis. ... News headlines are only available to registered users. The uranium price hit a … Similarly, URA Global X Uranium ETF was up by ~31% from 23 March to 8 April 2020. In the last few years we’ve seen a major supply side response play out with low uranium prices forcing production/supply curtailment which has been exacerbated by the pandemic. The USA needs 56mm lbs. Quotes. Monthly price chart and freely downloadable data for Uranium. Most industry forecasters believe that a long-term sustainable uranium spot price based on cost curve support is in the US$40-50/lb range. Detailed financial information on Uranium Futures. Toggle navigation. While previous reductions to planned production have been attributed to oversupply and persistently low uranium market prices, these most recent reductions have periodically intensified spot price volatility. With the spot price low it is economic for the two largest uranium producers to buy spot material and supply this into long-term contracts for its customers, thus conserving their assets for a high uranium price environment, said Hill. The Benefit Of Extending Usage of Nuclear Plants February 3, 2021; First silver, now uranium — fears of supply shortages drive up yellowcake share prices February 2, 2021; Cameco, Uranium Stocks Soar After BofA Predicts Jump In Global Uranium Demand February 1, 2021; Top uranium miner Kazatomprom meets 2020 guidance, production drops 19% February 1, 2021 Investment. Discover the methodology behind our development-asset database, along with a sample... Providing investors with access to the very best mining projects from exploration to production. Disclaimer | The Latest: Israeli study confirms vaccine efficacy . 3 Stocks Under $20 Set for Big 2021 Gains. Why Did Denison Mines, Energy Fuels, and Uranium Energy All Rise by at Least 10% Today? Much of uranium’s price rise from February to May was the result of COVID-19 lockdowns and restrictions in … CRU is the leading expert to provide a global view of the uranium industry with market analysis, price forecasts, mining news and cost services. Historical spot and long-term uranium prices. After many years of being side-lined by governments, nuclear power is starting to receive more attention for its low emissions, reliability, and relatively low cost as a generation fuel. Online. Stock quotes by finanzen.net, Registration on or use of this site constitutes acceptance of our, Skyharbour Resources Ltd : Skyharbour’s Partner Company Azincourt Energy Reports Drill Mobilization at The East Preston Uranium Project, Goviex produces leaner $347m Madaouela uranium pre-feasibility study, Uranium One reports 7% production decline in 2020, Skyharbour Resources Ltd : Skyharbour’s Partner Company Azincourt Energy Completes Earn-In of Interest and Forms Joint-Venture with Skyharbour at the East Preston Uranium Project, Commodities Corner: U.S. deep freeze prompts natural-gas rally, and uranium prices melt up, Namibia expects uranium and diamond boom after a bleak 2020, Deep Yellow tags more Namibian uranium at Barking Gecko, Denison raises $31.3 million to advance uranium project in Saskatchewan, shares up, Uranium Royalty buys royalty interests on two world's biggest uranium mines, ALX Resources requests permit to drill at Gibbons Creek uranium project, Deep Yellow ushers rigs to site for uranium DFS drill out, ALX Resources Corp. The year 2020 has rather been a kind year for Uranium as we witnessed its prices surge by ~22% from US$24 per pound on 17 March 2020 to US$29.45 per pound on 9 April 2020. In 2019, the reactor requirements of utilities worldwide totaled 169 million pounds of U3O8 and average uranium price paid by US utilities was $36 per pound. In the interim, RBC's expectations for the next five years or so won't exactly please the bulls ether. The price of uranium increased by more than 40% from March 22, the day before the first closure of Cigar Lake, to May 21, when S&P Global Platts assessed the average price of material to be delivered in the next 12 months at $34.52 per pound, the highest price in 2020. Recent News. Recent news updates about uranium This suggests a possible upside of 12.3% from the stock's current price. Iran's 2015 accord with world powers caps the level to which it is able to enrich uranium to 3.67 percent purity, well below the 20 percent it was reaching before the deal, and the roughly 90 percent suitable for a … Find our latest analysis here. Is Philip Morris Stock a Reopening Play? Rare cold weather in the southern U.S. … Maurice Jackson: The uranium spot price has had a steady increase in price from the lows of $19/pound back in 2017. Foundation leadership position within a newly formed mining Joint Venture. "We expect prices to increase gradually through mid-2020s into the $35-40/lb range, from circa-$30/lb currently, supported by the uranium cost curve," RBC said. TradeTech believes this may accelerate the realignment of supply and demand. The uranium spot price has held firmly in the US$29 per pound range since September, solidifying its stellar performance in a year with rampant global disruptions and production issues. The growing uranium supply deficit, currently being accelerated by COVID-19 pandemic related production cuts, has seen the price for uranium skyrocket – making it the world’s best-performing major commodity right now. Position Location: Perth or Kimberley based role, Foundation leadership position within a newly formed mining Joint Venture. Buyers and sellers negotiate contracts privately. RBC also pointed out all projects on its curve, aside from restarts, require permitting, and that many projects arearly stages and unproven. Cigar Lake, a Canadian mine run by uranium giant Cameco, shut down in December 2020 due to COVID. Their forecasts range from $2.15 to $3.60. The latest breaking news, comment and features from The Independent. Find out why in the Investing News Network's latest U3O8 price update. S&P Global Platts assessed the current-month spot price of uranium at $29.46 per pound as of Feb. 4 at 1 p.m. QQQ 336.45. ET, the lowest price since Dec. 4 when it was $29.50/lb. Shares of Denison Mines (NYSEMKT: DNN) surged 34% on Tuesday as traders bid up the prices of uranium stocks. After a prolonged fall of more than 70% over the past five years with major price crashes, uranium prices surged between mid-March and early-April 2020 from $24 to $29 a pound. In 2020, COVID-19-induced supply disruptions at the world’s top uranium mines briefly supported spot price gains of more than 30 percent in the first half of the year. Secure supply is likely to trump a pure price … Similarly, URA Global X Uranium ETF was up by ~31% from 23 March to 8 April 2020. Customer Login Logout Analysis. MineHutte ratings), Mining Journal Intelligence Global Leadership Report 2020, Mining Journal Project Pipeline Handbook 2020, Chief Financial Officer - Joint Venture / General Manager - Finance, General Manager - People / Head of Human Resources (HR), Latest from the Exploration/Development Channel, Latest from the Mine Risk Management Channel, RBC raises gold forecast, sees equity opportunities. NYMEX uranium futures were trading at $30 per pound in February, below their four-year high of $34 per pound hit in May, as short-term supply concerns eased after the Cigar Lake mine restarted production later last year. Uranium Energy Corporation (UEC) Stock Price: $2.44 USD 0.02 (0.83%) Updated Feb 17, 2021 10:37 AM EST - Market open. US Geological Survey reports 2020 mine production in the US. This caused the stocks of uranium mining and exploration companies to rise, and the price reached as high as $137 per pound. 60 month history. S&P Global Platts assessed the current-month spot price of uranium at $29.46 per pound as of Feb. 4 at 1 p.m. The West Australian 3d. "As the market moves into deficit (in the late 2020s), we expect prices to increase more significantly and forecast a long-term uranium price at $50/lb, which we view as the necessary incentive price for new mine supply. Consensus suggests uranium demand needs to increase by over 100% from current levels by 2050 if decarbonisation is to take place.

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