As the uranium prices continue to rally, Morgan Stanley expects inventories to diminish and prices to trend higher
-Morgan Stanley forecasts US$48/lb by 2024.
-Disposal of uranium waste deemed safe
-Spot uranium price climbs nearly 13% in March
The pandemic has been a greater disruption to uranium supply than to demand, with nuclear power proving to be very resilient in most markets. Nonetheless, sales from inventories have capped price upside. As inventories diminish, Morgan Stanley expects the uranium price to trend higher.Increased contracting activity in the enrichment market could be the start of a new long-term uranium contracting cycle. While global nuclear power capacity fell -2.7GW in 2020, Morgan Stanley sees a net 8GW increase in 2021 as new plants come online in China, other Asia and Eastern Europe.Meanwhile, in the recent 14th five-year plan, China is targeting 70GW of nuclear capacity by 2025 from 48GW in 2020. […]
Click here to view original web page at www.fnarena.com
- 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 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
Come and join our community. Expand your network and get to know new people!