Uranium Week: Have We Seen The Lows For Uranium?

Uranium Week: Have We Seen The Lows For Uranium?

As the spot price of uranium holds steady for the month, an investment firm details bright prospects for the sector.

-Are we past the cyclical downturn for uranium?
-Five investment ideas
-The monthly spot price is unchanged

In the view of Australian investment firm Shaw and Partners, uranium markets are past the cyclical downturn driven by the Fukushima earthquake.A recovery is evidenced by spot uranium prices having increased 25% to US$30/lb this year due to supply-side discipline and inventory drawdowns, notes Shaw. The inertia that took hold after the US Section 232 petition, which was compounded by covid-19, is finally ready to be dislodged. In addition, Russian Suspension Agreement and US election uncertainty is now over.US and European utilities have the clarity and bandwidth to think about procurement. Shaw believes utilities will have to act in 2021 to cover a shortage of term contacts from 2023, given the two […]

About the author: StockMan

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