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Uranium, Discussion
The End of Nuclear Power?
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blacksheep
post Posted: Jan 16 2019, 11:56 AM
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extract from - Commodities are the right story for 2019
QUOTE
The electrification trend we outlined as key to our investment thesis calls for a slew of battery metals - lithium, graphite, nickel and cobalt - along with tonnes of rare earths and copper. And we haven’t forgotten about how we’re going to get all that extra energy needed to make the shift from fossil fuels to electric vehicles: nuclear energy. For this we need uranium.


QUOTE
Uranium

Demand for uranium is directly tied to the need for nuclear power, which is growing exponentially especially in Asia due to the problems with air pollution from coal-fired power plants. The global demand for electricity is expected to increase by 76% by 2030, and while everyone knows about the electric vehicle revolution, what is not often talked about is how will all that extra power be generated. Much of it will have to come from nuclear.

According to nuclear consultant UxC, the global capacity for nuclear power is expected to grow by 27% between 2015 and 2030. That means a whole lot more uranium. UxC estimates annual uranium demand will spike by nearly 60%, from the current 190 million pounds of U3O8, the nuclear fuel, to 300 million pounds by 2030.

While the uranium price has been suppressed since 2011 when it took a major hit due to the nuclear accident cause by the tsunami in Japan, things are looking up. Uranium supply has been steadily dropping since 2016. That year total mined supply was around 163 million pounds, in 2017 it was 154 million, and in 2018 it was under 135 million. With current U3O8 demand at 192 million pounds, that leaves a shortfall of at least 57 million pounds.

Where will this extra uranium come from? While production at big Canadian uranium mines McArthur River and Rabbit Lake have been suspended due to low prices (at current prices, about three-quarters of uranium mines are uneconomic) exploration is going full tilt in the Athabasca Basin of Saskatchewan, the world’s richest source of uranium ore - with junior miners anticipating the return of higher prices. The long wait might finally be over: uranium was the best-performing metal of 2018.

http://aheadoftheherd.com/Newsletter/2019/...ry-for-2019.htm



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 12 2018, 02:33 PM
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Uranium price: best performer of 2018 set for more gains

QUOTE
In a research note on Kazatomprom, BMO Capital Markets says the production discipline from top miners will break the trend of rising global uranium inventories following the Fukushima nuclear disaster in Japan in 2011 and prompt the first production deficit in more than a decade.

The net result is that uranium has entered a period of structural undersupply and we forecast the beginnings of inventory drawdown, which should continue to provide upward bias to the uranium price as we exit the year.

Inventories can be divided into two broad categories; strategic and excess inventories, with the definition of each somewhat subjective. If utilities begin to worry about the security of future supplies then excess inventories can quickly be reclassified as strategic, leading to a shift in purchasing strategies.

This tipping point is hard to predict, but could occur soon given the rapid decline in uranium output and the difficulty of securing future offtake agreements at current prices.


read more - http://www.mining.com/uranium-price-best-p...2018-set-gains/
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 19 2018, 02:44 PM
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France to cut nuclear energy reliance by 2035: minister
QUOTE
PARIS (Reuters) - France aims to reduce the share of electricity produced by nuclear reactors to 50 percent from 75 percent now by 2035, Environment Minister Francois de Rugy said on Sunday.

https://www.reuters.com/article/us-france-n...r-idUSKCN1NN0OK



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 20 2018, 10:59 AM
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QUOTE
WASHINGTON, Oct 19 (Reuters) – The U.S. Environmental Protection Agency said on Friday it has withdrawn a regulation proposed in the last days of the Obama administration that aimed to tighten health and safety compliance rules for uranium miners.

On Jan. 19, 2017 – a day before Donald Trump took office as president – the EPA had proposed standards to regulate by-product materials produced by uranium in-situ recovery (ISR) activities, with a primary focus on groundwater protection and restoration.The National Mining Association hailed the decision.

On Friday, the EPA said existing rules were enough for the protection of public health and safety from radiological and non-radiological hazards associated with uranium and thorium ore processing

http://www.mining.com/web/u-s-epa-withdraw...uranium-mining/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 13 2018, 11:10 AM
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In Reply To: blacksheep's post @ Aug 12 2018, 11:49 AM

Bull market or blip? One month's price increase does not a bull market maketh just yet - just IMHO
The bull market nobody’s talking about
QUOTE
Which companies offer exposure?
Among the major Australian miners, both BHP and Rio Tinto own uranium assets. However, they form a relatively small part of the big miners’ portfolios, being dwarfed by iron ore, coal, and copper.

Cameco is the largest listed, pure-play uranium mining company in the world. Cameco is traded on both the Toronto Stock Exchange, and the New York Stock Exchange.

ASX listed, uranium-focused companies:
Paladin Energy (ASX:PDN) - Placed in Care & Maintenance in May.
Energy Resources Australia (ASX:ERA) - Permanently closed, processing stockpiles.
A-Cap Resources (ASX:ACB) - Exploration, Preliminary Feasability Study expected in 2018/2019.
Berkeley Resources (ASX:BKY) - Construction recently begun.
Bannerman Resources (ASX:BMN) - Definitive Feasability Study complete, pilot plant complete.
Boss Resources (ASX:BOE) - Care & Maintenance, restart recently announced.
Deep Yellow (ASX:DYL) - Exploration, measured resource, scoping study not yet completed.
Peninsula Energy (ASX:PEN) - In production.
Toro Energy (ASX:TOE) - Preliminary Feasability Study completed.
Vimy Resources (ASX:VMY) - Definitive Feasability Study completed, trial mining completed.

https://www.livewiremarkets.com/wires/the-b...s-talking-about

QUOTE
July 2018 saw the largest one month increase in long-term uranium prices since November 2014.

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 12 2018, 11:49 AM
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In Reply To: blacksheep's post @ Jul 27 2018, 12:16 PM

Uranium Market Shows Signs of Life
QUOTE
The recent rise in prices comes in response to supply cuts, which could result in upward pressure for the long term.

Kazatomprom, the world’s biggest uranium producer based in Kazakhstan, said in December it was cutting output by 20%. Last month, Canada’s Cameco Corp. announced it would suspend operations at its big McArthur River and Key Lake mines indefinitely.

The impact of Cameco’s move on the uranium market can’t be underestimated, said Mr. Lopez, adding that it was the “equivalent of Saudi Arabia leaving the oil market.”

Supply is dropping at the same time demand is poised to rise.

https://www.wsj.com/articles/uranium-market...life-1533992401



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Jul 27 2018, 12:16 PM
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In Reply To: blacksheep's post @ Jul 19 2018, 11:08 AM

Lots of traders pumping Uranium stocks, while Cameco lays of 700 staff and suspend operations at McArthur River and Key Lake , citing "the weak uranium market "
http://www.mining.com/cameco-lays-off-700-staff/




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 19 2018, 11:08 AM
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Trade war spills into uranium as U.S. weighs import tariffs
Reuters | about 7 hours ago |

extract
QUOTE
(Bloomberg) — The Trump administration began an investigation into whether uranium imports threaten national security, a move that may lead to tariffs on the nuclear power plant fuel.

The Commerce Department said Wednesday it will probe “whether the present quantity and circumstances of uranium ore and product imports into the U.S. threaten to impair the national security.” The probe will cover the entire uranium sector, from the mining industry to enrichment, defense and industrial consumption, the department said.

http://www.mining.com/web/trade-war-spills...import-tariffs/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jun 5 2018, 09:23 PM
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Commodity price optimism and the curious case of uranium
QUOTE
The past three decades has seen an explosion in the demand for virtually every commodity. Expecting higher commodity prices, investors pour money into the mining industry for a miniscule cost of capital, hoping that increased demand translates into outsized profits. Ironically, they actively undo their expectations.


QUOTE
Expectations of supply-demand situations are often wrong. With thousands of mines of every commodity spread around the world, whose production capabilities are not fully known to the market, commodities experts consistently struggle to predict the future supply situation.

Constantly changing technologies, and substitution opportunities are just two factors that leave experts struggling to predict future demand accurately.

This situation is muddled further by marketing done by entrenched interests that profit from convincing the public about commodities going a certain way.

http://www.mining-journal.com/research/new...case-of-uranium

UxC Historical Ux Price Charts
https://www.uxc.com/p/prices/UxCPriceChart....=spot-u3o8-full
Source: The Ux Consulting Company, LLC
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: abner29  
 
blacksheep
post Posted: May 17 2018, 02:32 PM
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The perfect storm?
May 2018 Research Note – Uranium
By: Nigel Littlewood & Jackson Lee
Harness Asset management
https://dpsi7pmz5b6vt.cloudfront.net/upload...te-May-2018.pdf



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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