Uranium (Nuclear Energy)

Re: Uranium (Nuclear Energy)

Postby winston » Wed Nov 22, 2017 8:13 am

Uranium stocks are soaring… Here’s why

by Justin Spittler

Cameco’s McArthur River Mine and Key Lake Mill complex is the world’s biggest uranium operation.

It accounts for 10% of the world’s uranium supply. It could take 15 million pounds of uranium off the global market.

Suspends for 10 months.

The industry could still be oversupplied by as much as 5 million tonnes next year.

URA was in free fall from 2011 through 2015. But it stopped falling in early 2016.


Source: Casey Daily Dispatch

http://thecrux.com/the-biggest-catalyst ... fukushima/
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Re: Uranium (Nuclear Energy)

Postby winston » Sat Dec 02, 2017 10:15 am

Uranium — ‘It could easily quadruple’

by Nick Giambruno

Right now, 8% of global uranium demand comes from China. But China is expected to overtake the US as the world’s largest uranium consumer by 2030.

The Chinese think nuclear energy is the best solution to their huge air pollution problem.


Source: International Man

http://thecrux.com/doug-casey-on-uraniu ... quadruple/
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Re: Uranium (Nuclear Energy)

Postby winston » Tue Dec 05, 2017 12:01 am

Uranium to replace plastic? Chemistry breakthrough could pave the way for new materials

Chemists have discovered that uranium can perform reactions that used to be the preserve of transition metals such as rhodium and palladium.

And because uranium sits between different types of reactivity of lanthanides and transition metals it might be able to combine the best of both to give new ways of producing materials and chemicals.

Development work like this really could pave the way for new medicines and also the creation of truly biodegradable hard plastic.


Source: Phys

https://phys.org/news/2017-12-uranium-p ... -pave.html
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Re: Uranium (Nuclear Energy)

Postby winston » Tue Dec 05, 2017 8:59 pm

These Uranium Stocks Have Started to Glow

By Bill Alpert

Shares of uranium miners brightened today after a 20% production cut was announced by the world's second largest producer, a Kazakhstan state-owned company.

The biggest miner, Canada's Cameco (CCJ), has seen its stock jump 13% from today's open, while the Global X Uranium ETF (URA) is up 13%.

Uranium prices tanked after the 2011 Fukushima reactor disaster, to around 20 bucks a pound. To bring its production in line with weak demand, Cameco announced last month that it would shutter the industry's biggest mine in McArthur River, Saskatchewan, for 10 months.

Now the number two producer Kazatomprom is saying it will cut back its Inkai mine for three years, starting in January 2018.

Source: Barron's Asia

https://www.barrons.com/articles/these- ... yptr=yahoo
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Re: Uranium (Nuclear Energy)

Postby winston » Thu Dec 14, 2017 1:53 pm

These commodity stocks are setting up for a powerful rally

by Ross Hendricks

Source: True Wealth

http://thecrux.com/these-hated-stocks-a ... ful-rally/
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Re: Uranium (Nuclear Energy)

Postby winston » Mon Dec 25, 2017 6:33 pm

Are Higher Uranium Prices Around The Corner?

We estimate that less than 10 percent of total uranium demand for 2018 and 2019 are uncovered, as utilities have shored up what were once large shortages through spot purchases or short-term contracts. As such, there is less of an impetus for utilities to make purchases immediately.

Inventory levels are also a concern as we estimate that there are 800-1,200M lbs of total above ground inventory of which about 700-800M lbs are held by utilities.

In 2018 Cantor Fitzgerald predicts a price of $31.25 a pound, a 25 percent upward adjustment to the researcher's earlier view. Prices will gain in 2019 and by 2020 retake the $40 level. Long term pricing of $80 a pound remains unchanged.


Source: OilPrice.com

https://finance.yahoo.com/news/higher-u ... 00155.html
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Re: Uranium (Nuclear Energy)

Postby winston » Fri Jan 19, 2018 7:04 pm

Is Japan ready to trust Tepco with nuclear power again?

The nuclear operator has been granted permission to restart two of its reactors on the Sea of Japan coast, revenues from which it needs to offset massive compensation payments stemming from the Fukushima disaster

By TODD CROWELL

It owned and operated the four reactors destroyed in the March 11, 2011 “triple disaster” of earthquake, tsunami and nuclear meltdown in Fukushima prefecture.

It also owns seven undamaged reactors on the opposite side of Japan.

Returning at least two reactors to operations would yield about 200 billion yen (US$1.8 billion) in added revenues.




Source: Asia Times

http://www.atimes.com/article/japan-rea ... a-31514885
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Re: Uranium (Nuclear Energy)

Postby winston » Thu Apr 12, 2018 8:47 am

Nuclear Power Under Pressure From Renewable Energy

by David Fessler

At last count, there were only 100 nuclear power plants licensed to operate here in the U.S. Sixteen have scheduled closing dates of 2025 or sooner.

Back in January, California officials voted to close the last operating nuclear plant in the state, the Diablo Canyon Power Plant, by 2025.

The latest announcement happened less than a week ago. FirstEnergy Corp. (NYSE: FE) said it would be closing three nuclear power plants in Ohio and Pennsylvania.

That means over the next seven years, 25% of America's nuclear power fleet will be gone. The reason? It's just too expensive to keep these giant maintenance nightmares running.

Many existing plants are even eligible for 20-year extensions from the Nuclear Regulatory Commission. However, economics trump license extensions.

Source: The Oxford Club
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Re: Uranium (Nuclear Energy)

Postby winston » Tue Apr 17, 2018 7:42 am

Cameco +6% on report that Russia considers banning uranium exports

Cameco (CCJ +5.9%) spikes higher after Russia is said to be preparing a ban of uranium exports, a move that would help the company as Russia represents 40% of U.S. imports.

A draft bill was submitted to Russia's Duma, the lower house of the country's parliament, that would ban all trade between state-owned nuclear power company Rosatom and U.S. nuclear power companies, according to TD Securities.

The bill could be considered and possibly adopted during the next Duma session next week, TD says.

Source: Seeking Alpha

https://www.investing.com/news/stock-ma ... ts-1396883
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Re: Uranium (Nuclear Energy)

Postby winston » Sun Apr 22, 2018 9:18 am

Is It Time for a Melt-Up in the Uranium Sector?

by Eric Fry

The news that jolted the uranium sector to life a few days ago was a surprising announcement from Russia.

One week ago, the Russian national parliament (the State Duma) introduced a draft law that calls for stopping international cooperation in the nuclear and aircraft industries with not only the U.S. but also "other foreign states" that support U.S. sanctions against Russia and "those who support Washington's position on Syria."

This new legislation could become law as early as this week. If so, the U.S. utility industry could be in for a bit of a shock. The U.S. generates about 20% of its electricity from nuclear power, and it imports about 40% of its uranium requirements from Russia, Kazakhstan and Uzbekistan.

The U.S. Energy Information Administration provides the following details:

The United States imports most of the uranium it uses as fuel. Owners and operators of U.S. nuclear power reactors purchased the equivalent of 50.6 million pounds of uranium in 2016 [2017 data are not yet available]. About 11% of the uranium delivered to U.S. reactors in 2016 was produced in the United States and 89% came from other countries.

Sources and shares of purchases of uranium produced in foreign countries in 2016:
Canada - 25%
Kazakhstan - 24%
Australia - 20%
Russia - 14%
Uzbekistan - 4%
Malawi, Namibia, Niger and South Africa - 10%
Brazil, Bulgaria, China, Czech Republic, Germany and Ukraine - 2%

Eventually, supply reductions matter... especially when the prospect of large future supply disruptions becomes a credible risk. That moment in the uranium market may have arrived.

Source: The Oxford Club

https://energyandresourcesdigest.com/ti ... src=shared
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