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Did the Biden admin end up doing anything to curb foreign sourced Uranium and favor domestic like URG?
Gotta see 1.30 area, then it’s a back in scenario
Soon imo! :)
Fireworks in the uranium sector! Much more catalysts coming.
Should be a great year for Uranium stocks
All these types are Lurching upwards 😃
Uranium stocks rise in latest metal trader craze
Might pick up some $URG types
Uranium price jumps to 15-year high as top miner flags shortfall
Cecilia Jamasmie | January 12, 2024 | 5:53 am Energy Markets Asia Uranium
Uranium jumps to 15-year high as top miner flags shortfall
State-controlled Kazatomprom mines uranium in Kazakhstan both independently and through joint ventures. (Image courtesy of Kazatomprom.)
Uranium prices jumped on Friday to an almost 15-year high after the world’s largest producer, Kazakhstan’s Kazatomprom (LON: KAP), warned it’s likely to fall short of its output targets over the next two years.
The miner cited shortages of sulfuric acid and construction delays at newly developed deposits as the main factors behind ongoing production challenges, which it said could persist into 2025. A detailed assessment of the potential impacts on output will be released in a trading update by Feb. 1, it added.
“Despite the ongoing active search for alternative sources of sulfuric acid supply, current forecasts indicate that the company may find it difficult to achieve 90% production levels compared to subsoil use contract levels,” Kazatomprom said in the statement.
Sulfuric acid is a favourite among producers to extract uranium from the raw ore due to its low-cost and efficiency for different types of ores.
Kazatomprom noted its guidance for next year could also be affected if supply snags continue throughout 2024 and if it isn’t able to comply with scheduled construction works.
The spot price of the radioactive metal has more-than doubled in 2023 and it is currently trading at $97.45 a pound — still far from the triple-digit figures achieved in 2007 and the fallout after the 2011 Fukushima disaster in Japan.
The price increase comes as 24 nations, including the United States, Japan, Canada, Britain and France pledged last month in Dubai at the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change, known as COP28, to triple nuclear power capacity by 2050.
Uranium jumps to 15-year high as top miner flags shortfall
China, which wasn’t part of that promise, still leads global nuclear plant construction with plans to nearly double capacity to 100 gigawatts by the end of this decade. The Asian country has 22 of 58 plants being built worldwide.
Recent legislation in the US could also affect uranium prices, even sooner than other factors. Seeking to cut its reliance on Russia, which supplies more than one-fifth of its uranium, Congress passed a bill in December that would require the US to source a portion of its nuclear fuel domestically. The bill calls for 20 tonnes of HALEU — high-assay low enriched uranium fuel needed to run most advanced reactors in the country — to come from domestic sources by the end of 2027. It now awaits President Joe Biden’s signature.
Bank of America and Berenberg Bank said this week in separate research notes that continued tightness in the uranium market could push prices over $100 in coming days.
https://www.mining.com/uranium-jumps-to-15-year-high-as-top-miner-flags-shortfall/
You got it Lurch .....Everybody lovs a good run
YOU RANG ! hehe
Finally! :)
URG next leg starting here.
Yes, we are! :) Thanks! Will check it out.
We are in the right place at the right time! Nice action today.
Found a good oil play. It is way up but still worth considering ... https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173121647
Yes, next leg shaping up nicely. :)
URG lookin' strong today
Nice saying :) I’m new to this sector, so appreciate your input. Will keep an eye on it. Thanks!
I like
Got some decent investors. Curious to know what you think about it.
https://whalewisdom.com/stock/oii
$URG will certainly make big moves imo.
What about Oceaneering Intl.?
I'm looking for small cap plays and not really seeing anything I'm that comfortable with yet. I did start a position in USO,US oil fund ETF ...
Nice! You chose the best moment! $URG can easily double/triple from here imo.
Would you have some recommendations re oil plays?
YW. I added here pre-market ... nice and green already
Thanks! I’ll check the oil plays to see what might be interesting. 🤗
Thanks for the tickers. I'm scouring for interesting oil plays too. energy is going to get expensive
Hi Kairos, yes it’s been a long time. I’m fine, thank you. I hope you are doing well too. Currently, I’m only in U stocks $DNN $URG and $UUUU. Haven’t sold anything in two years. Good times coming for U in the next several years, indeed. 🤩
Hello Belgian. Been a long time, hope all is well. I follow John Quakes also on twitter, great resource. I bought into CCJ and URG quite some time ago and looking very nice. FUUFF is a penny Uranium miner that may be worth a look; i've been mostly trading it ...
Absolutely! 😎 And Russia joining the spot market now.
#Russia's #Nuclear reactor fuel maker & #Uranium procuring state-owned enterprise Rosatom💂 has apparently put out a #U3O8 market Request seeking to acquire more uranium!🌎⚛️⛏️🛒🇷🇺 Doesn't get much more bullish than that!🤠🐂 So much for talk of an oversupplied Eastern market.🏜️ https://t.co/zbMPIZruIJ
— John Quakes (@quakes99) September 26, 2023
Uranium should be a good place to park some $$s next couple of years ...
Won’t be a pullback like that anymore.
This ticker is pushing for a breakout
Who made money this week with uranium stocks, we did! $$$$ urg, ue. Uu.., easy money in an out
Strength on urg should push to 2$ easily
Looking for 1.15 1.20 bottom an its time to flip in again
Loaded a boatload 1.07-1.11, 1.25 flip makes somes wealth
Read ews on 12/17! Its right there. Sell shares!!
So your claiming dilution? Where’s the data?
This company just keeps selling shares an flooding the market. Bad choice for any investor here. This stock has no growth at all an it is now even a higher risk. At some point a RS seems to be coming.
Looking like back to a 1$ again. Anyone buying at 1$ again? We may load up huge again an just wait!
They are flooding the market with shares, not good! The float will be huge. I c this as a red flag for now an pos will most likely drop under 1$ once again. Look to get back in then????
Wow they all dumped their shares. Bad news an more bad news. Back to under 1$ it seems
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(As of 4/29/14)
Outstanding: 128.74M
Stock Options & RSUs: 8.69M
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