Uranium Week: Prices Rise On Low Volume

This story features BOSS ENERGY LIMITED, and other companies. For more info SHARE ANALYSIS: BOE

While the uranium spot price rose last week, volumes remain weak despite legislative threats to supply.

-Uranium price up, volume weak
-US moves closer to banning Russian uranium
-Bell Potter anticipates a new uranium price cycle Two US bills made it through relevant committees last week, ready to go to votes in the House – one banning the import of Russian uranium from 2028, unless it’s needed, and the other incentivising domestic uranium production and enrichment.In the latter case, it couldn’t come sooner. US uranium production in the March quarter fell -99% from the December quarter and -75% from last March quarter.However, mills are preparing to ramp up output later this year, industry consultant TradeTech reports. One producer, Energy Fuels, is working toward the restart of production at four of its mines.The potential ban […]

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