Uranium Week: Clean And Green

Uranium Week: Clean And Green

This story features ENERGY RESOURCES OF AUSTRALIA LIMITED, and other companies. For more info SHARE ANALYSIS: ERA

The European Commission has decided nuclear is a “green” transition energy.

-Volatile uranium market in January
-EC decides nuclear and gas-fired power are green in transition
-Analysts see upside to prices ahead The month of January proved to be a very volatile one for the spot uranium market. The earlier part of the month was dominated by speculative buying from the Sprott Physical Uranium Trust, which acquired 2.7mlbs U3O8 in the period. Canaccord Genuity estimates the SPUT has some $2.4bn of buying power left in its US$3.5bn at-the-market facility.But SPUT’s buying came to a screaming halt in the latter half of the month, as the Fed set off extreme financial market volatility in switching to a hawkish monetary policy stance. The entry of the SPUT and other speculative-only players in the market […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet