Uranium (Nuclear Energy)

[winston]

Why Uranium Stocks Are Crashing Today

The broader market weakness isn't the only reason, and you might want to look beyond the headlines.

by Neha Chamaria

Key Points

The market sell-off is weighing on uranium stocks.

Morgan Stanley is cautious in the near term but has a strong uranium price outlook for 2024.

But the International Atomic Energy Agency believes the world will need a lot more nuclear energy in coming decades.

Shot up almost 60% in just the past four weeks.

As of Sept. 17, the Sprott fund had amassed 28.3 million pounds of uranium compound, adding more than 10 million pounds in just one month.

Prices have been pumped up by purchases from the Sprott Physical Uranium Trust fund and not meaningful changes in the supply/demand balance in the uranium market.
China has already constructed the reactor and expects to start a thorium trial run this month. Commercial production is unlikely to start before the end of the decade.

Nuclear generating capacity to more than double from 2020 to 792 gigawatts by 2050 in a high-growth scenario.

MS sees Uranium spot price of $49 per pound by 2024. For perspective, the spot price just crossed $50 as of this writing.

Source: TMF


https://www.fool.com/investing/2021/09/ ... gn=article

[winston]

Uranium Rally Is a High-Stakes Bet on Future of Nuclear Power

by Yvonne Yue Li, Will Wade and Stephen Stapczynski

Prices have surged about 40% just in September.

There are now only 50 reactors under construction worldwide, a 20-year low.

Sprott Physical Uranium Trust has amassed a uranium stockpile so big it’s equal to about 16% of the annual consumption from the world’s nuclear reactors.

“Supply is coming down significantly,” said Nick Piquard, a portfolio manager at Horizons ETFs, which owns a uranium ETF.

In China, the near-term goal is to approve six to eight new reactors each year and have 70 gigawatts operating with 40 more under construction by 2025.

While Japan has only restarted a third of its 33 operable reactors under post-Fukushima safety rules, it aims to restart the rest by 2030.

Source: Bloomberg

https://finance.yahoo.com/news/blisteri ... 19368.html

[winston]

3 Reasons Uranium Stocks are Surging

by Michael Byrne

1. Sprott Fund Shakes Up the Space
2. Climate Goals
3. New Interest from Reddit’s WallStreetBets

Source: Tip Ranks

https://www.tipranks.com/news/article/3 ... =story_fri

[winston]

Uranium ETFs Explode

by Jessica Ferringer

Currently, U.S. power plants import more than 90% of their uranium from foreign sources, including Kazakhstan and Russia, which some feel is a national security risk.

Source: Yahoo Finance

https://finance.yahoo.com/news/uranium- ... 00458.html

[winston]

Why Uranium Stocks Are Soaring

Source: OilPrice.com

Lately, Beijing has revealed ambitious plans to build 150 nuclear reactors at a staggering cost of $440B over the next 15 years as the country looks to become carbon neutral by 2060.

Current global fleet of 440 reactors.

China can generate nuclear power at just $42 per megawatt-hour, thanks to the low 1.4% interest rate on loans for infrastructure projects, making it far cheaper than coal and natural gas in many places.

https://finance.yahoo.com/news/why-uran ... 00534.html

[winston]

How a Less-Than Six-Month-Old Fund Shook the Nuclear Fuel Market

by Emily Graffeo

Its assets have swelled to $1.9 billion, forcing the product to almost double its financing limit two weeks ago to $3.5 billion.

Sprott has scooped up roughly 41 million pounds of uranium since the summer, which is roughly 30% of annual production.

As long as Sprott keeps raising money in capital markets, it will be a persistent buyer of uranium.

Source: Bloomberg

https://finance.yahoo.com/news/less-six ... 00795.html

[winston]

Germany Is Closing Half of Its Reactors at Worst Possible Time

by Rachel Morison

The shutdowns of Grohnde, Gundremmingen C and Brokdorf -- part of the country’s nuclear phaseout -- will leave just three atomic plants, which will be taken offline by the end of 2022.

Source: Bloomberg

https://finance.yahoo.com/news/germany- ... 00902.html

[winston]

not vested

Uranium jumps as unrest hits world’s top supplier Kazakhstan

by Yvonne Yue Li and Stephen Stapczynski

Produces more than 40% of the world’s uranium.

Russia and its allies in the Collective Security Treaty Organization will send “peacekeeping forces” after Kazakh President Kassym-Jomart Tokayev appealed for assistance.

Uranium surged almost 8% to US$45.25 a pound on Wednesday from US$42 Tuesday.

Nuclear power plants can continue operating if shipments are delayed as many have built up stockpiles over the last several years.

Source: Bloomberg

https://www.theedgemarkets.com/article/ ... kazakhstan

[investar]

A(nother) uranium boom is very possible in 2022


Best to be positioned with names like Baselode (discovery after discovery, fully cashed up, still a very nice share structure at this moment, even if it triples it would still be interesting, potential to get included in uranium etfs) or Laramide (already very present in the world)

[winston]

Europe Has a Problem (Here Is the Solution)

by Jody Chudley

The price of natural gas in Europe is more than seven times higher than it is in the United States.

Europe gets almost half of its natural gas from Russia.

There are 51 new nuclear reactors under construction across the globe.

China recently announced that it plans to build at least 150 new nuclear reactors in the next 15 years.

There are currently only 450 total nuclear reactors on the planet. By itself, China is going to take that number to 600.

The price of uranium required for the commissioning of these new projects will be at least $65 a pound and possibly up to $80 a pound.

North Shore Global Uranium Mining ETF (NYSE: URNM)

Source: Wealthy Retirement

https://dailytradealert.com/2022/03/05/ ... -solution/