Ukraine fallout fuels new bout of interest in uranium stocks

There’s growing talk that power utilities are about to sign a rash of non-Russian supply contracts, with the likes of Boss poised to benefit; Plus, battery-types are queuing at Chalice’s door and Bellavista hits visible copper grading 5.7% in WA.

The ASX uranium sector is stirring thanks to the spot price for the nuclear power fuel pushing its way back above $US50/lb.

While not in the same league as lithium, uranium’s price performance in the past couple of years has been heart-warming stuff for the ASX developers and explorers.

The current spot price of $US51.50/lb (Numerco) compares with $US43/lb at the start of the year, and $US29.60/lb in January 2021.There are good reasons for the price rise to date and the expectation that prices will continue to rise to the $US60lb-$US80/lb range needed to encourage new sources of supply.Not the least of those is Russia’s war on Ukraine. Somewhat surprisingly, there […]

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