Uranium marching to $ 100 / LB as supply

The strong demand and disorders of supply were renewed the interest of investors for uranium, which has surpassed most other goods in the past month and could continue to grow.

The revived interest in nuclear energy as a source of clean energy provides demand, while operational problems at two world uranium mine pressing is pressing.

uranium nitrate or uranil, with uranium ore.

Getty

Canada’s Cameco said that he expects a lack of production in the McArthur River Mine while KazatoProm, the National Company in Uranium, reduced production assessments next year.

The net result is that the uranium market can be affected by falling £ 20 million in earlier supply forecasts.

Combining evidence sharper than the expected market of nuclear fuel is heavy spectural activity to trade investment funds and a grip on small miners who have signed long-term supply contracts, but may be forced to cover their contracts.

Since he slipped in March to $ 64 / lb, uranium rose to $ 76.65 / lb on the spot, with analysts at the Morgan Stanley investment bank, expect a price of $ 87 / LB before Christmas.

The price of $ 125 / LB is possible

Citi, another investment bank forecasts the price of $ 80 / LB in the next three months and increased to $ 125 / LB if the bullet market develops, returning uranium to the level level at the level of BUM.

CAMECO, the largest producer of uraniums of the Western world, was one of the top performance of the department sector over the past 12 months, increased by 104% to the last sale at $ 77.39.

During the last five years, while uranium entered the cold disapproval of the CAMECO ecological complaint was delivered by a stellar 600% increase in the price price list.

Construction of units 7 and 8 nuclear power plants Tianvanska in Lianiungang, China. Photo CFOTO / FUDU FUTURE Publishing PROTTI PICTURE

CFOTO / FUDU FUTURA Publish Via Getty Image

Citi in research in research last week in the last week was based on her 2026. Year in the amount of the Next Moment, the demand from the Chinese Expansion of the Cathedral Power and “Excessive uranium enrichment companies.

“We expect that uranium prices will remain elevated for the next two to three years, as it developed a solid case of the bull,” Citi said.

“Skev Bikovska Risk (bias) for uranium prices is significant when combined with potential in the delivery of uranium and increasing energy demand that encourages increased energy energy energy.”

Citi’s basic case is for uranium to reach $ 100 / lb by the end of next year. The bear case is $ 80 / lb for the price, while the case of the bull for $ 125 in the first quarter of next year and stays there.

Sprott is busy purchase

Morgan Stanley said that in the procurement of Cameco and Kazatomprom, the purchase of funds such as Sprott physically uranium trust arrived abruptly 2.3 million pounds in June.

Another force in uranium market could be small miners who optimically sign long-term contracts for fuel supply from projects that do not live in the early forecasts.

Citi said that it was likely that these junior producers could be significantly harmonized and not able to meet their obligations.

“In such a scenario, they will be forced to enter the spot market aggressively,” Citi said.