* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, July 31, 2025
Earth-News
  • Home
  • Business
  • Entertainment

    That’s (Political) Entertainment: When Theatre Meets Politics

    Future Script: How Generative AI Is Changing Collective Bargaining in the Entertainment Industry – Jackson Lewis

    Future Script: How Generative AI Is Transforming Collective Bargaining in Entertainment

    The SBA’s live-entertainment bailout was supposed to end two years ago. We still don’t know how $1.5 billion was spent. – Yahoo Home

    $1.5 Billion Live-Entertainment Bailout: Two Years Later, Where Did the Money Go?

    Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, Boyd – CDC Gaming

    Top Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, and Boyd Take Center Stage

    Micro wrestling coming to NE Ohio – Cleveland.com

    Get Ready, NE Ohio: Micro Wrestling Is Making Its Exciting Debut!

    League City seeking proposals for 53-acre entertainment district on sportsplex land – galvnews.com

    League City Invites Proposals to Transform 53-Acre Sportsplex into Vibrant Entertainment District

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Cognizant Technology Solutions Corp (CTSH) Q2 2025 Earnings Call Highlights: Strong Revenue … – Yahoo.co

    Cognizant Q2 2025 Earnings: Impressive Revenue Growth and Key Takeaways

    Revving Up The U.S. Technology Engine – Forbes

    Revving Up The U.S. Technology Engine – Forbes

    More than just a hockey player – Rochester Institute of Technology Athletics

    Beyond the Ice: The Inspiring Journey of a Remarkable Athlete from Rochester Institute of Technology

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    AI’s race in the dark with China – Axios

    The High-Stakes AI Race: Innovation and Competition in the Shadows

    Eagle Unveils Revolutionary X-Ray Technology at Pack Expo

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment

    That’s (Political) Entertainment: When Theatre Meets Politics

    Future Script: How Generative AI Is Changing Collective Bargaining in the Entertainment Industry – Jackson Lewis

    Future Script: How Generative AI Is Transforming Collective Bargaining in Entertainment

    The SBA’s live-entertainment bailout was supposed to end two years ago. We still don’t know how $1.5 billion was spent. – Yahoo Home

    $1.5 Billion Live-Entertainment Bailout: Two Years Later, Where Did the Money Go?

    Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, Boyd – CDC Gaming

    Top Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, and Boyd Take Center Stage

    Micro wrestling coming to NE Ohio – Cleveland.com

    Get Ready, NE Ohio: Micro Wrestling Is Making Its Exciting Debut!

    League City seeking proposals for 53-acre entertainment district on sportsplex land – galvnews.com

    League City Invites Proposals to Transform 53-Acre Sportsplex into Vibrant Entertainment District

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Cognizant Technology Solutions Corp (CTSH) Q2 2025 Earnings Call Highlights: Strong Revenue … – Yahoo.co

    Cognizant Q2 2025 Earnings: Impressive Revenue Growth and Key Takeaways

    Revving Up The U.S. Technology Engine – Forbes

    Revving Up The U.S. Technology Engine – Forbes

    More than just a hockey player – Rochester Institute of Technology Athletics

    Beyond the Ice: The Inspiring Journey of a Remarkable Athlete from Rochester Institute of Technology

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    AI’s race in the dark with China – Axios

    The High-Stakes AI Race: Innovation and Competition in the Shadows

    Eagle Unveils Revolutionary X-Ray Technology at Pack Expo

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

‘The squeeze is on.’ Uranium prices hit new record and industry watchers see further to go

January 15, 2024
in Business
‘The squeeze is on.’ Uranium prices hit new record and industry watchers see further to go
Share on FacebookShare on Twitter

While stocks dither in the new year, a dramatic rally has been under way in one corner of the commodity market that industry watchers expect to just keep going.

The spot price for uranium, vital for fueling nuclear reactors, climbed to just over $103/pound on Monday, a level not seen since 2007, according to a chart from Numerco, a U.K.-based spot price for uranium. That follows a roughly 90% price gain for the metal in 2023 in a market that has struggled to keep up with fresh demand.

“The uranium market is undergoing a major speculative investment rush with ETF’s holding physical stocks continuing to suck in stocks, thereby adding to the tightness being driven by the prospect of rising demand in the coming years, and a rush of buying of from utilities who have become lazy with hedging following years of low prices,” said Ole Hansen, head of commodity strategy at Saxo Bank.

Spot price for uranium ore concentrate, commonly referred to as U3O8.

Numerco

Uranium prices initially shot past $100/pound last Friday after Kazakhstan’s state uranium company said it may not meet production goals. NAC Kazatomprom, the world’s biggest producer, said it was struggling to source sulfuric acid used in extracting the metal and seeing construction delays at new deposit discovery sites. It was targeting 2024 production volume at 90% of what permits allow.

That adds to production downgrades in 2023 from Canadian uranium miner Cameco
CCO,
-0.10%
and French miner Orano’s operation in Niger, equity analysts Chris Drew and Christopher LaFemina, said in a note on Monday.

In their view, uranium prices are on track to bust past the June 2007 all-time high of $136/lb. “Furthermore, with term contracting volumes barely at replacement levels at a time when spot pricing is through US$100/lb, the setup for term pricing remains bullish,” said the analysts. “Major producers remain short pounds.”

That tight market has been amplified by “ongoing” buying from Sprott Physical Uranium Trust
SRUUF
or SPUT, the world’s biggest physical uranium fund, and Yellow Cake
YCA,
+2.66%,
an investment vehicle that makes bets on uranium, said the Jefferies analysts, who added: “The squeeze is on.”

Australian miners Paladin Energy
PDN,
+7.47%,
Boss Energy
BOE,
+9.63%
and Deep Yellow Limited
DYL,
+11.57%
remain their preferred exposures, even as the Jefferies analysts admit valuations remain “elevated.” Those miners jumped around 7%, 9% and 11%, respectively, on Monday, and have gained 30% each for the year so far.

Shares of Yellow Cake, up 15% so far this year, rose 2.6% in London on Monday.

Read: Why the rally in uranium that lifted prices to a 15-year high may not be over

In an interview that published last week with Macro Voices, Uranium Insider founder and newsletter editor Justin Huhn laid out the basic investment case for uranium via the below chart:

It shows “actual expected mined pounds out of the ground on an annual basis compared with the actual burn up rate of the global nuclear reactor fleet. And you can see that we basically remain at a deficit even with expected peak production toward the end of the decade,” Huhn said.

Since an abundance of supply in the 1980s, uranium has been in shortfall, with two bull markets in that period and the mid 2000s. “The difference now is that there’s very little secondary supply to balance that shortfall of production,” he said.

Secondary supply refers to inventory held by governments and utilities, which stood at around 30 million pounds plus even during the “rip roaring bull market” of the mid 2000s, he said.

Fast forward and just 15 million pounds of secondary supply exist today, with anyone who could be selling that inventory not doing so, while the last 18 months has seen China aggressively buying, he said.

So regardless of where the uranium price is, “pretty much any mine in the world can be making money,” yet a supply shortfall will persist and it will be many years before big new mines will come online, said Huhn.

Another stressor for the market is a looming ban on Russian fuel services by the U.S., with the Senate just a vote away from pushing that through. Ultimately, Russia could retaliate with a ban on exports rather than accept a phase out by 2028 in that legislation. “An immediate ban would have more serious consequences, likely squeezing prices throughout the nuclear fuel chain,” said Drew and LaFemina.

Read: Hedge-fund manager Harris Kupperman who called last year’s tech crash bets on Florida, oil drillers and this commodity

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : MarketWatch – https://www.marketwatch.com/story/the-squeeze-is-on-uranium-prices-hit-new-record-and-industry-watchers-see-further-to-go-54f9d7c8?mod=mw_rss_topstories

Tags: ‘Thebusinesssqueeze
Previous Post

‘My best days may lie ahead’: Why I plan on following the Colonel Sanders model for living in my 60s

Next Post

Akumaa Mama Zimbi Transforms Into An Old Lady Without Makeup And Headgear

Cognizant Technology Solutions Corp (CTSH) Q2 2025 Earnings Call Highlights: Strong Revenue … – Yahoo.co

Cognizant Q2 2025 Earnings: Impressive Revenue Growth and Key Takeaways

July 31, 2025
Pirates deal Ke’Bryan Hayes to Reds for reliever, prospect – altoonamirror.com

Pirates deal Ke’Bryan Hayes to Reds for reliever, prospect – altoonamirror.com

July 31, 2025
Experts at St. Olaf: Minnesota birds and their connection to local habitats – St. Olaf College

Uncover the Secrets of How Minnesota Birds Thrive in Their Natural Habitats

July 31, 2025
New Mexico Museum of Natural History and Science set to close for 7 months – KOB.com

New Mexico Museum of Natural History and Science set to close for 7 months – KOB.com

July 31, 2025
Scientists Say New Government Climate Report Twists Their Work – WIRED

Scientists Warn New Government Climate Report Misrepresents Their Findings

July 31, 2025

Structured Lifestyle Program Boosts Cognitive Gains in At-Risk Individuals Compared to Self-Guided Approaches

July 30, 2025
Timelapse Shows New Mega Port at World’s Biggest Construction Site – Newsweek

Timelapse Shows New Mega Port at World’s Biggest Construction Site – Newsweek

July 30, 2025
CBS News poll finds economy views improve slightly but outlook clouded by concern about price increases – CBS News

CBS News poll finds economy views improve slightly but outlook clouded by concern about price increases – CBS News

July 30, 2025

That’s (Political) Entertainment: When Theatre Meets Politics

July 30, 2025
Medicare and Medicaid: 60 Years of Health Care Reform – Medicare Rights Center

Medicare and Medicaid: Celebrating 60 Years of Transforming Health Care

July 30, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (746)
  • Economy (771)
  • Entertainment (21,651)
  • General (16,200)
  • Health (9,808)
  • Lifestyle (779)
  • News (22,149)
  • People (773)
  • Politics (780)
  • Science (15,984)
  • Sports (21,269)
  • Technology (15,751)
  • World (754)

Recent News

Cognizant Technology Solutions Corp (CTSH) Q2 2025 Earnings Call Highlights: Strong Revenue … – Yahoo.co

Cognizant Q2 2025 Earnings: Impressive Revenue Growth and Key Takeaways

July 31, 2025
Pirates deal Ke’Bryan Hayes to Reds for reliever, prospect – altoonamirror.com

Pirates deal Ke’Bryan Hayes to Reds for reliever, prospect – altoonamirror.com

July 31, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version