Uranium Week: Uncertainty Reigns

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

Kazakhstan, Ukraine and volatile financial markets have kept buyers out of the uranium spot market recently. Bell Potter initiates coverage of Paladin Energy

-Multiple uncertainties spooking uranium market
-SPUT MIA
-Speculative Hold for Paladin Uranium industry participants gathered in Washington DC last week (in person!) for the Nuclear Energy Institute’s Nuclear Fuel Supply Forum, at which industry consultant TradeTech reports geopolitics and inflationary pressure on the financial markets took centre stage in almost every discussion.While participants feel reassured the recent political unrest in Kazakhstan will not disrupt Kazatomprom’s near-term production or deliveries, it remains a topic of concern.More pressing is the Ukraine situation, along with significant volatility in financial markets since the Fed turned hawkish in the face of persistently high inflation. Volatile financial markets have affected all segments of the uranium industry from rising producer costs […]

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