Webinar Notice Uranium prices have experienced a significant uptick, crossing the $80 per pound threshold, a level not observed in over 15 years. This surge in uranium prices can be attributed to a combination of factors, including a renewed interest in nuclear power and various supply disruptions in the global uranium market.
Nymex futures, which track physical-market contracts for yellowcake, reached $80.25 per pound on a Monday, reflecting a remarkable price increase. Colin Hamilton, Managing Director for Commodities Research at BMO, provided insight into the situation, stating that "Utility contracting continues to pick up," and he noted the limited availability of uncommitted production to meet utility requirements.
Cameco, one of the largest uranium producers in the world, reported on September 4th that challenges at its Cigar Lake mine, Key Lake mill, and McArthur River mine would adversely affect its production forecast. As a result, the company anticipates a 9% reduction in […]
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