Uranium Week: Near Term Weakness?

This story features PALADIN ENERGY LIMITED. For more info SHARE ANALYSIS: PDN

Despite a positive longer term view, Longview Economics sees a nearer term demand/supply balance leading to uranium price weakness.

-Falling demand for uranium meets growing supply?
-More sanctions imposed on Russia
-Spot market quiet Looking ahead, the cyclical outlook for uranium is deteriorating, Longview Economics believes. In particular, demand has recently been boosted by Japan restarting various reactors, but those plants are all expected to be online within the next several months, resulting in a marginal slowdown in demand growth. More importantly, electricity generation tends to fall during recessions.Given Longview’s expectations for a recession in the US and Europe within the next 6-12 months, the demand outlook for uranium prices is considered relatively poor at this juncture. Likewise, a supply response is coming.In particular, Cameco is reopening its McArthur River uranium mine (the world’s largest) and it […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

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