Sept 5, 2018
"A bear market in uranium since 2012 has dropped the price to a point where uranium is no longer profitable to mine for most producers. Hence the shutdowns of major uranium mines like McArthur River, Langer Heinrich, and curtailment of production from Kazatomprom. On top of that, big funds are emerging to buy uranium from the spot market. Top producers like Cameco are also buying from spot in order to keep fulfilling its long-term contracts despite cutting production. In the next seven years three-quarters of uranium contracts will expire. Re-contracting will have to take place before then, or before all the uranium in the spot market disappears. Utilities need to re-sign long-term contracts to ensure their uncovered demands are met, and as shown above, uncovered demand is increasing.
The shift in the spot market is key; with so much buying going to come into the spot market, it's only a matter of time before the price responds in kind.
I've got restricted uranium supply due to shutdowns and depleted mines, steady demand due to global electrification needs and EVs, heavy buying on the spot market and a select junior uranium explorer (juniors historically offer the most leverage to a rising commodity price) on my radar screen."
http://news.goldseek.com/GoldSeek/1534530345.php
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