‘Show us the money!’ Uranium developer Bannerman Energy says prices have to rise if a shortage is to be avoided. Picture: Massonstock/iStock via Getty Images Bannerman Energy says uranium prices need to hit $US80/lb to spark enough production to avoid a shortage this decade
Uranium miners have trod a fair bit of water in 2022, with prices ebbing and flowing across the year after a dramatic run in late 2021 powered by Sprott’s buying spree on the lightly traded spot market.
According to Numerco, uranium is currently paying $US48/lb, well below the long-term incentive price of $US60/lb generally accepted as the entry point to bring new production online.
Most uranium is traded on long-term contracts between miners and utilities, meaning the spot market is more a guide than a measurement of what the price of yellowcake is actually doing.Inflation has also moved the goalposts somewhat as well with famed resources investor Rick […]
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