Vulnerable to the vagaries of bottle necking and subject to geopolitical machinations, oil stocks can sink or swim depending on oil prices themselves, with per-barrel valuation dictated by supply flow and market demand. Not only that, but the entire industry is earmarked for eventual shutdown by the more sustainable and less environmentally impactful renewables industry. …
The U3O8 spot price started 2019 strong, trading at its second highest price in 12 months at US$28.90 per pound. In February, the energy fuel lost US$0.90, slipping to US$28. The uranium spot price continued its downward descent over March to hit US$25.33, its lowest point since June 2018. The price hasn’t moved much since …
Yellow Cake PLC (LON:YCA) is raising £25.9mln, increased from £22.9mln, through a share placing in order to fund the purchase of at least 1mln pounds of uranium. The company, a vehicle specifically set up to acquire and own physical uranium as an investment strategy, upgraded the funding after the original offer (announced yesterday) saw strong investor …
A new report by FocusEconomics on the prospects of commodities this year and next paints a mixed picture. The survey of investment banks, institutions and research houses compiled by the Barcelona-based company has good news for long-suffering investors in uranium and silver, while those who burned fingers in the rise and fall of cobalt could …
The Nuclear Energy Leadership Act (NELA), bipartisan draft legislation which aims to accelerate the development of advanced nuclear technologies and re-establish US leadership in nuclear energy has been re-introduced to the US Senate. NELA was submitted on 27 March by a group of 15 senators led by Senator Lisa Murkowski of Alaska. It was previously …
The U3O8 spot price dropped 12.89 percent in the first quarter of 2019 to US$25.35 per pound, likely as a result of the widespread economic slowdown. Despite the downturn weighing on the sector, a number of uranium miners, explorers and producers have remained profitable, reporting share price growth over the Q1 period. In addition to …
The world’s energy future could mean very good things for Canadian uranium exploration. As countries around the world seek to increase energy capacity without raising carbon emissions, governments in developed and developing nations alike are turning back to nuclear power. As of February 2019, there were about 50 nuclear reactors under construction around the world. …
China is taking a leading role in nuclear power construction, People’s Daily reported on Saturday. With 54 nuclear power units under construction in 17 countries and regions in 2018, 11 are in China, making the country the world leader in construction of nuclear power units for years, China National Nuclear Corporation Chairman Yu Jianfeng said …
There is once again talk in Kazakhstan of constructing a nuclear power plant (NPP) — a proposal that’s been debated on and off since the late 1990s. This time, the idea seems to have quickly picked up momentum. President Vladimir Putin proposed Russian help to build such a plant when he met with Kazakhstan’s new …
The flagship of the Trump administration’s advanced nuclear power research program could cost up to 40 percent more than a government official estimated earlier this year, a U.S. Department of Energy document shows. Energy Secretary Rick Perry has tried to breathe life into the country’s nuclear power industry, which is suffering in the face of …
