Uranium Week: Technology Upside For Uranium Miners

As the uranium spot price falls by -1% for the week, (re)emerging and prospective uranium miners may utilise advances in technology and innovation to remain competitive.

-Can advances in technology circumvent current low prices for emerging producers?
-The in-situ recovery mining method accounts for over 60% of uranium production
-Uranium spot price falls by -1% for the week

Given the potential economic and environmental benefits, independent consultant TradeTech explores arguably the most recent successful technology in uranium mining.The in-situ recovery (ISR) mining method, often lower cost than conventional mining, accounts for over 60% of production today and has contributed to a highly competitive supply environment.Such advances in technology and innovation represent a viable path forward for (re)emerging producers at a time when the prevailing uranium market prices remain below the cost of production for many miners.Through the 1990’s, ISR contributed less than 15% of world uranium production. Then, […]

Click here to view original web page at www.fnarena.com

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.