uranium bull market 2021

Uncertainty around COVID-19-related mine shutdowns, signing of the Russian Suppression Agreement, US election and overall volatility of the stock market. He adds that funds purchasing physical uranium squeezed the utilities during the last bull market and did a lot of the heavy lifting in pushing the market up. Mar 3, 2021, 02:35am EST. Providing Outstanding Advice on Matters of Finance Since 1984. I know that for uranium investors – the last few years have been rough. Huhn sees the recent situation as a stand-off between producers and utilities: “Cameco need those (long) term contracts in the 40s to justify bringing McArthur River back online and until they get them they are not going to do it. While output is expected to rise this year after being hit last year by the Covid-19 pandemic, demand remains subdued, especially from utilities. Further reading. Fans of the heavy metal are quietly confident that the classic combinati AFTER YEARS OF NOT DOING too much, a rebound in the price of uranium from about US $23 per pound has triggered a bull market in uranium stocks. All investments can fall as well as rise in value so you could lose some or all of your investment. Uranium Reserve and provide a strong platform to revitalize the U.S. Drilling on the Hurricane zone in their flagship Larocque East property has discovered exceptionally high-grade uranium which has the potential to be a significant deposit. The StreetSmart Live! Q: When should I sell my shares? Thus, the potential for suspensions or disruptions at other major uranium projects is still on the table to some degree. There are encouraging signs that conditions are ripe for uranium to lead the commodities pack. Cigar Lake re-opened in September and then in December, after re-opening, announced that it was suspending operations again after further suspected Covid cases. You will have no right to complain to the Financial Ombudsman Services or to seek compensation from the Financial Services Compensation Scheme. Stock watch: As Nestlé USA snaps up Essentia, Alkaline Water's position strengthens, Exciting times for cashed-up InnovaDerma following major bid. Uranium Insider’s Huhn has run the figures and reckons that each year nuclear reactors uses around 175-180mlb of uranium but annual supply is running at around 150mlb. You should take independent financial advice from a regulated FCA advisor in connection with, or independently research and verify any information that you find on this site, and wish to rely on whether for the purpose of making an investment decision or otherwise. Every new reactor that is in operation or coming into operation needs or will need a regular annual supply of uranium. "Things like uranium, which have no carbon footprint, are starting to get some recognition. That’s basically institutional money coming into the space… It’s a tiny, tiny industry. While Red Cloud Securities forecasted a future deficit in the uranium market of 31 million pounds by 2022, as several mines reach end of life starting in 2021, it did not predict an almost 13 million pound (and growing) deficit as soon as 2020. For the same reason, although exact figures are hard to come by, it appears that utilities have also run down their strategic inventories of uranium. Uranium mining and exploration companies saw exponential equity growth as a result. This is a bull run like we’ve barely seen two times in the last 30 years – and it’s ferocious. And while the idling in 2020/2021 was due to the virus and not a flood, it may yet again cause a flood of gains. Uranium could also enter a bull market in 2021, Tribeca's Mr Cleary said. Many people are predicting that in the near to mid-term the nuclear fuel could see plenty of screens glowing green in the best way possible. Until we are able to commit our production under long-term contracts that provide an acceptable rate of return for our owners, we do not plan to restart.”. Uranium Insider Free Newsletter. Uncommon Leverage Is Offered By Uranium Mining Stocks Investing in the best uranium miners offers contrarian investors enormous leverage to the price of uranium. Cameco is one of the largest global providers of uranium and Cigar Lake is the world’s top uranium mine. Having navigated the choppy waters of last year, industry figures reckon that uranium prices have the potential to sail smoothly upwards. Other significant operations in Namibia and South Africa were also impacted by the pandemic. Editor’s Sidelines, February/March 2021: Juxtapositions. SUMMARY: Uranium has been enjoying a stealth bull market due to the coronavirus outbreak. Happily for anyone in the business of supplying uranium, the new reactors which are coming online will also require an initial load of 2-3 times the annual supply to get operational. Essentially, the producers and the utilities have been playing a waiting game. It’s covering as many qualities as it’s ever covered. At present, there are 440 nuclear reactors in operation around the globe and these supply around 10 per cent of global energy requirements. Home Insurer Hippo to compete with stock Lemonade in $5 Billion SPAC Merger. Could Ralph Lauren be the next fashion brand to be taken over? In the last year, Covid caused considerable disruption to uranium production as several producers shut down operations in order to limit spread of the disease. With many countries building net zero carbon emission goals into their Covid recovery plans, the clean energy credentials of nuclear look very attractive to governments keen to keep eco-conscious voters onside. “We will not produce from our tier-one assets to deliver into an oversupplied spot market. The way this market functions and fluctuates, it is highly likely that it will overshoot that price.”. The number of uranium producers is small, and a uranium deficit could arise. A report on Zerohedge calculates that total mined supply this year will come in even lower at under 120M lbs, a level not seen since 2008. Uranium Insider Pro illustrates this with a graph showing a 1000x share price increase for uranium miners Paladin Energy. It doesn't mess around - bull and bear markets are of … All Rights Reserved: © 2021 Peter Grandich and Company, Sunday Thought – The Best Advice You Will Ever Hear, https://petergrandich.com/wp-content/uploads/2021/01/Record-online-voice-recorder.com_-2.mp3, Sunday Thought – 2020 Was Just The Opening Act. Huhn uses the example of the recent sharp price rise at North Shore Global Uranium Mining ETF (URNM) to illustrate what he sees as institutional funds recognising the potential of uranium: “When you see funds flowing into ETFS that’s a really good sign. Global X Uranium ETF (NYSE:URA) buying up new positions in BMN, LOT, PEN and 7 others as announced per part of their ETF re-balancing last week. The high expectations for the uranium market come amid gains in the wider mining and commodities sector with Mining.com proposing that a ‘post-pandemic supercycle in commodities demand’ had contributed to a new record high of $1.3 trillion market capitalisation for the world’s 50 most valuable mining companies. We believe these fundamentals will lead to security of supply concerns and will allow us to layer in the long-term contracts necessary to support the restart of our McArthur River/Key Lake operations.”.

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