Update on Uranium and CCJ

Natural uranium contains approximately 0.7% uranium-235, the isotope necessary for nuclear weapons, and 99.3% uranium-238. Converting natural uranium into the form required for the weapons involves enriching the element in centrifuges to increase the concentration of uranium-235.

Uranium yellowcake is first turned into a gas called uranium hexafluoride, pumped into centrifuges that spin so rapidly that the ever-so-slightly heavier gas containing uranium-238 is forced to the outside. The lighter gas containing uranium-235 remains in the middle.

In a September 13, 2022, article on Barchart , I highlighted Cameco Corporation ( CCJ ), a leading and established Canadian uranium producer. The article spelled out the supply and demand fundamentals of the global uranium market. CCJ was at the $29.85 per share level on September 13. While the stock has corrected to around $25 per share, the potential for a rally remains high in early 2023.

Geopolitics continue to support uranium demand and […]

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