Uranium Week: Nuclear Eyeing Fresh Records

Weekly Reports | 10:00 AM

The U308 spot market takes a breather for summer, while US utilities and states look to restart nuclear facilities, and Paladin and Boss Energy report quarterly updates.

-Higher costs take the shine off Aussie producers
-U308 trading floats in a band
-IEA forecasts robust demand for energy Even if summer holidays and the ongoing uncertainty around the Russian importation waivers have sapped activity levels from the U308 spot market, news on the uranium and nuclear front continues. Quarter activity reports for Paladin and Boss Energy Paladin Energy ((PDN)) was back in the spotlight last week post its 4Q FY24 report which revealed higher than expected operating costs, with Macquarie pointing towards to the one-off nature of the Langer Heinrich restart.Citi noted U308 production of 517,597lbs up to June 30 which was above its own forecast and also better than Morgan Stanley’s estimate at […]

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