Uranium (Nuclear Energy)

[investar]

OK thanks for that Winston!

I am only starting to learn more about U3O8 and its market. Vested in baby junior Baselode Energy (FIND.V) and another explorer Laramide (LAM.TO); so much more on the speculative side than eg CCJ. I am pretty sure the URA you mention is probably one of the best vehicles to get exposure.

Top 10 holdings of URA:

Top 10 Holdings (69.37% of Total Assets)
Name Symbol % Assets
National Atomic Co Kazatomprom JSC ADR KAP 24.09%
Cameco Corp CCO.TO 21.69%
NexGen Energy Ltd NXE.TO 5.08%
Uranium Participation Corp U.TO 4.22%
Doosan Heavy Industries & Construction Co Ltd 034020.KS 3.37%
Denison Mines Corp DML.TO 2.38%
Sibanye Stillwater Ltd Ordinary Shares SSW.JO 2.16%
GS Engineering & Construction Corp 006360.KS 2.15%
ITOCHU Corp 8001 2.12%
Barrick Gold Corp ABX.TO 2.11%

[investar]

Uranium Spot Price forecast for 2021: 40$?

https://investinghaven.com/forecasts/ur ... cast-2021/

[winston]

The World's Most Unpopular Investment

by Nicholas Vardy

Both Japan and Germany - the world's third- and fourth-largest economies - have abandoned nuclear power altogether.

Currently, around 50 nuclear reactors are under construction across the globe. More than 300 are in the pipeline this decade.

China, India, Russia, Belarus, Korea, Slovakia and the United Arab Emirates are collectively adding more than 8 gigawatts of new nuclear capacity in 2021 alone.

The Uranium Energy Corporation estimates that, in 2021, global demand for uranium will hit 175 million pounds. Production is expected to be 128 million pounds. That implies a gap of 47 million pounds in 2021 alone.

Investment bank Canaccord expects uranium prices to average $50 per pound in 2021. That's a 66% upside from today's price of around $30 per pound.

In 2007, uranium prices soared fivefold in one year to $137 a pound.

Today, uranium prices are still 78% below their all-time high.

Source: The Oxford Club

[winston]

Nuclear Power: On the Way Up or Out?

by David Fessler

Worldwide, there are 440 nuclear power plants that provide about 10% of the world's electricity.

Germany will shut down its entire fleet of nuclear plants by 2022

U.S. utilities currently have 95 commercial nuclear reactors in operation.

Nuclear power is getting more expensive, not less. Nuclear power's levelized cost of energy jumped from $117 per megawatt-hour in 2015 to $155 per megawatt-hour in 2020.


No Need for Nuclear
Worldwide, there are 440 nuclear power plants that provide about 10% of the world's electricity.

The nuclear meltdowns that occurred at Three Mile Island, Chernobyl and Fukushima have given many countries pause. And a number of them plan to get out of nuclear power altogether.

For example, Germany will shut down its entire fleet of nuclear plants by 2022.

But that's not the case here in the U.S.

U.S. utilities currently have 95 commercial nuclear reactors in operation. And Southern Company (NYSE: SO) owns the only new nuclear power plants under construction here. They will be the first to be completed in more than 30 years.

If everything goes right, Vogtle Unit 3 will begin operation this November. Vogtle Unit 4 may start operation a year later.

But constant delays and cost overruns have been the norm with the Vogtle project.

Vogtle isn't unique in that respect. Back in July 2017, the owners of the V.C. Summer nuclear plant expansion - South Carolina Electric & Gas Company and Santee Cooper - pulled the plug on it.

And unfortunately, when these projects get canceled, the utilities' customers pay for it.

Nuclear power is getting more expensive, not less. Nuclear power's levelized cost of energy jumped from $117 per megawatt-hour in 2015 to $155 per megawatt-hour in 2020.

To put that in perspective, over that same time frame, the levelized cost of energy from solar power dropped from $65 per megawatt-hour to $49 per megawatt-hour. And for wind it dropped from $55 to $41.

Nuclear is now the most expensive form of electricity, apart from natural gas peaker plants. And nuclear power plants take a decade to get approved and another decade to build.

Source: The Oxford Club

[investar]

The bear market for Uranium is over...

https://www.bnnbloomberg.ca/commodities ... cs.twitter

[winston]

3 Oversold Uranium Stocks That Are Glowing Buys

With uranium likely to glow again, here are three of the top ways to trade the boom

By Ian Cooper

“Uranium mining companies tend to operate on multiyear supply contracts with utilities, so there is little risk that a nuclear power plant would immediately pull back buying from these mining companies”.

Oversold uranium stocks could get a boost from President Biden’s push for a potential uranium reserve.

Plus, global demand for uranium was close to 180 million pounds in 2020. Market experts believe that this figure is set to grow to almost 200 million pounds within the next five years.

Cameco Corp. (NYSE:CCJ)
Uranium Energy Corp. (NYSE:UEC)
Global X Uranium ETF (NYSE:URA)

Source: Investor Place

https://investorplace.com/2021/06/3-ove ... 6OJc9o/h4=

[winston]

Japan restarts nuclear reactor.

Japan restarted the first nuclear reactor in more than three years, restarting a unit that has been offline for a decade.

Only 10 of Japan’s 33 operable nuclear units have resumed operations under the regulatory regime created in the wake of the Fukushima nuclear disaster.

Source: Oil Price Intel

[winston]

Could China’s molten salt nuclear reactor be a clean, safe source of power?

The thorium-powered reactors do not need water as a coolant, meaning they can be built in remote deserts alongside wind and solar power plants

The technology should be safer than uranium-powered reactors and may also dispel some of China’s worries about energy security

by Stephen Chen

The molten salt reactor, which is powered by liquid thorium rather than uranium, should also be safer than traditional ones because in the event of a leak, the molten thorium would cool and solidify quickly, dispersing less radiation into the environment.

Construction work on the first commercial reactor should be completed by 2030 and the government plans to build several in the deserts and plains of central and western China.

Source: SCMP

https://www.scmp.com/news/china/science ... gn=3141581

[winston]

Uranium Jumps to Highest Since 2014 as Fund Buys Physical Supply

by Stephen Stapczynski

Sprott Inc. earlier this year launched its Physical Uranium Trust and recently commented on Twitter about how much physical uranium it had been buying.

Sprott has amassed over 24 million pounds of uranium, sometimes buying more than 500,000 pounds in a single day.

Total spot volume for 2020 was 92.2 million pounds with utilities getting about 85% of their purchases through long-term contracts.

Uranium prices must rise further to spur the restart of production to meet uncovered utility demand after 2023.

Power plant fuels -- including natural gas and coal -- are surging to new heights, making it more expensive to operate factories and keep the lights on at home.

Source: Bloomberg

https://finance.yahoo.com/news/uranium- ... 05493.html

[winston]

Why BofA Is Raising Its 2022 Uranium Price Forecast By 41%

by Wayne Duggan

Winder increased his 2021 triuranium octoxide price target by 18% to $36.30.

He also raised his 2022 target by 41% to $53.50 and his 2023 target by 18% to $48.50.

In the last month, the price of uranium futures has jumped about 40% to around $42.40, roughly a seven-year high.

Producers will certainly respond to the price spike by ramping up supply, but that new supply will take a bit of time to come online.

Source: Benzinga

https://finance.yahoo.com/news/why-bofa ... 12039.html