Director General of the Jordanian Uranium Mining Company (JUMC) Hussein Al Laboun has said that the process of building an automated factory for producing the yellow cake from uranium mined in Jordan will be operational in 2019. In a statement cited by the Jordan News Agency, Petra, on Tuesday, Laboun pointed out that the JUMC …
French nuclear group Orano on Monday inaugurated a 1.15 billion euro (1.02 billion pounds) uranium conversion plant despite huge global overcapacity for nuclear reactor fuel. State-owned Orano’s new plant in Tricastin, southern France, will account for a quarter of the world’s 60,000-tonne annual uranium hexafluoride (UF6) production capacity when it fully ramps up in 2021 …
NAC Kazatomprom has changed its strategy to be more responsive to prevailing market conditions, CEO Galymzhan Pirmatov told delegates attending the World Nuclear Association Symposium 2018 in London today. Over the past 20 years the Kazakh uranium producer has transformed from a small uranium company to the largest uranium producer in the world, and diversified …
Production cuts, halted projects and operations, as well as renewed interest from investors has helped drive uranium prices up by 30% in the past four months, but experts remain cautious about the long-term outlook for the commodity. Decade-low prices have had a negative effect on the profitability of existing mines and a devastating effect on the capacity …
What’s the ultimate contrarian play right now? High street retailers? Gold stocks? Emerging markets? There’s another candidate… Now in the 11th year of a bear market, uranium remains one of the most detested metals around. Having hit $137 back in 2007, its price tag drifted below $20 per pound in 2017. Things have got so …
An investment vehicle designed to profit from the rising price of uranium is to snap up another £8m-worth of the radioactive mineral. Yellow Cake, which raised $200m (£156m) in a successful float on the London Stock Exchange earlier this summer, said it would buy another 350,000 lb of uranium from Kazakh supplier Kazatomprom and store it …
The post Yellow Cake Debut described the capital raising effort of one of the newest players in the uranium supply chain. Yellow Cake leadership brought the aspiring intermediary to the capital market at a critical time for uranium producers. The uranium market has been in an extended trough period since the industry peak in 2007. At that time …
The Trump Administration’s decision to levy tariffs on steel and aluminum imports on national security grounds is controversial. Usually, national security is understood in a more direct sense. The relationship between national security and trade has not been well developed in trade law. Surely, probing and pressing in this area is not illegitimate. The idea …
Slow demand growth and stockpiles will hinder sector growth, although the uranium price will still rise in the medium term. UK broker Liberum has sounded a note of caution about the future supply-demand balance in the uranium market. In a detailed 11-page research note Liberum set out its case that although demand for uranium from …
Yellow Cake, a specialist company operating in the uranium sector with a view to hold long term physical uranium ( “U3O8“), is pleased to announce that following the placing and subscription of approximately 76 million ordinary shares (the “Offering”) and admission to the AIM market of the London Stock Exchange (the “Admission” together with the …
