Kazatomprom tips uranium deficitGlobal uranium leader, Kazakhstan’s Kazatomprom, says it will maintain mine-site restrictions to stem the spread of COVID-19 for at least another three months, which could contribute to a 10% uranium market deficit 2020. Uranium spot prices have recently crossed into US$30/lb territory as production cuts are deepened by COVID-19 restrictions. The market …
Production figures issued by Cameco and Kazatomprom for the first quarter of 2020 show a slight decrease on the same period last year, while those announced by the US Energy Information Administration (EIA) show an 86% year-on-year fall from US facilities. This follows a year when US uranium production was the lowest on record. Kazatomprom …
Support for the development of next-generation technologies and advanced fuels outlined in the report of the US Nuclear Fuel Working Group (NFWG), published last week, will enable the country to remain competitive in this area, the Nuclear Energy Institute has said. Meanwhile, fuel cycle company Centrus said immediate action to restore the viability of the …
Restoring America’s Competitive Nuclear Energy Advantage A Strategy to assure US national security. To read full report, click here.
While most commodities have been battered amidst the Coronavirus pandemic, uranium is heating up, and is experiencing a price spike on the back of tightening supply. According to an article by Bloomberg, the radioactive metal used in nuclear fuel has climbed 31% this year, making it the world’s best-performing major commodity. These gains have been …
The King Abdullah Petroleum Studies and Research Center (KAPSARC) published a new commentary that explores the Saudi nuclear energy project. The paper said that establishing a nuclear sector in Saudi Arabia would lead to lower unemployment, increase average wages, and help the Kingdom in meeting its desalination needs. “Nuclear desalination makes sense for Saudi Arabia, …
Construction is to be resumed of the prototype CAREM-25 reactor and a used fuel dry storage facility, as well as the refurbishment of the Atucha 1 nuclear power plant, Nucleoeléctrica Argentina SA (NA-SA) announced. Energy Minister Sergio Lanziani said the projects – work on which was suspended last year “due to breaches by contractor companies” …
While most commodities are getting hammered by the coronavirus crisis, uranium prices are skyrocketing. The radioactive metal used in nuclear fuel has climbed 30% this year, making it the world’s best-performing major commodity. The gains have been spurred by mine shutdowns that have wiped out more than a third of annual global output at a …
Summary An interview where Old West portfolio manager Brian Laks discusses his views on the uranium market and specific companies to take advantage of the potential bull market coming. Recently, the spot price has surged 30% after key global mines like Cigar Lake or Kazatomprom’s have shut down due to Covid-19 precautions. What’s next? What’s …
“This is a bit of a one-two punch in uranium’s favor,” said Nick Piquard, a portfolio manager at Horizons ETFs. “Not only has Covid-19 likely not impacted nuclear power demand very much, but it is certainly impacting supply.” While demand for energy, including nuclear, is taking a hit due to the pandemic, many atomic power …
