Uranium Week: Struggling With Low Prices

Uranium Week: Struggling With Low Prices

As the uranium spot price rose 2% for the week and 9% for the month, an EIA report revealed the lowest price paid since 2007 by owners and operators of US commercial nuclear plants

-EIA report reveals the 2020 price paid by owners and operators of US civilian power reactors
-The UK brings forward legislation to expand nuclear power
-Kazatomprom posts -79% lower first quarter income
-Uranium spot price rose by 2% for the week
The US Energy Information Administration (EIA) released both its 2020 US Uranium Marketing Annual Report and its 2020 Domestic Uranium Production Report last week.Despite covid roiling energy markets during 2020, the reports pointed to nuclear energy being a fundamental source of base load electricity generation (20%) with capacity factors steady at 94%, explains Canaccord Genuity. The broker believes coverage of future demand will continue to provide an impetus for a more active term market […]

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