Uranium market still has energy

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Yellowcake Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Tech demand and long term deficit mean uranium bulls aren't throwing in the towel

Uranium investors and developers remain bullish on the nuclear fuel, despite prices easing since the start of the year.This month uranium investment company Yellowcake reported the values of its physical uranium holdings were down 4.4% over the third quarter, at US$1.77 billion at the end of September.Spot prices had fallen from $85.50/lb to $81.75/lb over the period. But Yellowcake noted that prices have since rebounded, to $83.25/lb.

Global shortage"We are also seeing a fundamental global shortage of uranium while in the US governmental actions including the total ban on Russian nuclear fuel imports, subject to potential waivers through 2027, and Chinese uranium products being added to the increased import tariff list potentially impacting availability," Liebenberg said.

 

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Belgique Dernières Nouvelles, Belgique Actualités