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Uranium resurgence

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qldfrog said:
Well why would putin send nickel to the west at a bargain price to make weapons killing his army
Better keep nickel home..than discounting it in flash sale..
Make sense irrespective of current glut
Click to expand...
or turn the nickel into weapons and sell those weapons to friendly nations

i see Iran is getting some modern ( Russian ) fighter jets and some ( Russian ) air defense systems
 
... given China is building more nuclear power plants than anybody else

and some of those will use thorium .... who mines/exports thorium ?

( it might actually avoid the geopolitical risks uranium has faced )
 
Imagine what happens when China try to take Taiwan by force and the West puts sanctions on them.



That spilt over to the Australian sharemarket, where a rally in uranium and nickel producers propelled the benchmark higher. South Australian producer Boss Energy surged 10.7 per cent to $2.89, West Australian explorer and producer Paladin Energy 9.1 per cent to $9.79, and developer Deep Yellow 13.5 per cent to $1.18. The Betashares Global Uranium ETF added 9.8 per cent to $7.72.

“Russia is the leader in strategic raw materials reserves like uranium, titanium, nickel,” Mr Putin said. Since Western sanctions limit exports of some Russian commodities, “maybe we should think about certain restrictions”, he said, adding that such limits should not harm Russia.

Russian exports have been unevenly targeted since it went to war in Ukraine in 2022, and yet it remains a key supplier of metals.
 
LOL

but Russia is producing and exporting ( both uranium and nickel )

how many nickel mines are still in full production in Australia ( and will they make a profit if some start again

ditto for uranium

BTW i note BHP fell today

China doesn't need to invade just cut all imports/exports to Taiwan ( and let economics do the rest ) the US is already trying to gut the industry in Taiwan
 
"The surge in uranium stocks came after a release from Cameco, one of the world’s largest uranium companies, announced a key mining site was being shut down.

Kazatomprom has informed the uranium miner that the extension was not received as expected due to the delayed submission of the necessary documentation to the Ministry of Energy.

In light of this, Kazatomprom has directed the joint venture to halt operations to avoid potential violation of Kazakhstan legislation.
Kazatomprom holds a 60 per cent interest in JV Inkai, while Cameco owns a 40 per cent share.

“We are disappointed and surprised by this unexpected suspension and we will be seeking further clarification on how this transpired, as well as the potential 2025 and 2026 production and financial impacts (including on future dividends), and what Cameco can do to help Kazatomprom and JV Inkai restart mining operations,” a note from Cameco said.

 
A few uranium stocks went OK today, but I'm not sure why. Must have missed some news.

I think those juniors who had a resource and needed to go to BFS very quickly to lock in contracts might have missed the boat.

For eg, DYL had two great deposits and initially said they needed 60 buck incentive price which turned into 70 bucks and now everything is delayed until the price rises. Too late Borshoff, you cocked it up. Too old and slow.


 
@Sean K just posted this on the PDN sub-forum from Market Matters:
  • President Trump announced ‘Stargate’, a project backed by the likes of OpenAI and Oracle who will invest ~$US500bn in AI infrastructure over 5 years – the read through for energy demand lighting a rocket under uranium producers.
  • Boss Energy (BOE) +14.2%, Deep Yellow (DYL) +7.9% and Paladin Energy (PDN) +10.1% all higher.
 
Another angle from ausbiz to explain the uranium stocks surge - again Trump related. This time, tariffs on Canada:

Uranium producers Paladin and Boss Energy topped the charts with both stocks gaining around 10%, after Trump signalled he would move to impose tariffs on Canada; America's largest foreign supplier of uranium.
 
I added to URMN a couple of weeks ago seeing this rounded bouncy bouncy bottom thing and it seems to be going OK so far.

Hesitant to call a bottom because that always ends in pain. Well, for me anyway.



  • Spot uranium prices have rebounded close to 20% of their March lows
  • Analysts think they could move higher and quickly as utilities return to contracting
  • A number of ASX stocks could be in line to benefit when prices surge
Voices are growing louder from experts in the commodities game that the sold-off uranium sector has turned a corner.

Since hitting a 17-year-high of US$107/lb in January 2024, the spot price of uranium reversed into a sharp decline, hitting a nadir at US$63.45/lb on March 17 as Donald Trump's eccentric economic policies pulled buyers out of the market.

But a sharp uptick since has seen spot U3O8 rally over 10% to US$71.25/lb. Term prices based on the contracts between utilities and miners under which most yellowcake is actually sold has spent months in and around the US$80/lb mark.

That's good for uranium stocks, whose sell-off last year was far more severe than the commodity price.

Canaccord Genuity analysts said in a note yesterday that equities had rallied 19% in the past month, taking YTD runs for producer and developers to a respective +12% and +15%.

To them, equities are priced at 'near beginning-of-cycle valuations' at a time the market is turning back towards risk.

"Utilities stepped away from the market when spot prices were well above term and were slow to re-enter the market, seeing how low it would go," they said.
 
Uranium stocks rallied on Friday following a report that US President Donald Trump intends to sign an executive order as soon as Friday designed to boost the US’ nuclear capacity and wind back dependence on China and Russia for enriched uranium.

Paladin Energy leapt 8.5 per cent at the open, while peer Boss Energy was up 11.3 per cent and Deep Yellow climbed 8.3 per cent.

Reuters reported the orders would allow Trump to declare a national emergency over dependence on Russia and China for enriched uranium, nuclear fuel processing and advanced reactor outputs.

The orders will also direct the US Department of Energy and Defence to identify sites and facilities for nuclear deployment and speed up processes to get them built, the report said.
 

I was wondering why the tick up in U stocks.

I'm watching the live announcement in the Oval Office at the moment.

It might give a further boost to the nuclear power industry on Monday.

(I wonder if Bowen is watching Fox News as well?)
 
Sean K said:
I was wondering why the tick up in U stocks.

I'm watching the live announcement in the Oval Office at the moment.

It might give a further boost to the nuclear power industry on Monday.

(I wonder if Bowen is watching Fox News as well?)
Click to expand...
just be careful of the long lead time between new reactors planned and being completed ( it gives too much time for policy changes in between ) also the same issue for uranium mining

the best indication i have found is BHP , it is sitting on heaps of uranium in the Olympic Dam project yet declines to expand the current operations much , so one might think BHP isn't wildly optimistic on selling more uranium ( to anybody )
 

Yes, very long time. But, Trump might be in for the next 16 years too.

The Donald was talking up MSRs as a shorter term fix and wants maximum effort in fast tracking development, especially the removal of red tape. All his minions in the room had a say on what needed to be done to quicken up the process. Still going to take a long time though.

Interestingly, all his talking points and justification to increase nuclear capacity are pretty much straight out of the coalition's election script. I doubt this will effect Bowen's plans and refusal to even consider nuclear because, you know, four eyed fish and all that.
 
now currently Trump is only there until January 2029 .. but some a saying A Trump ( family member ) is possible riding dad's achievements/fame.

time will tell if laws are changed , some are making mischief ( scare tactics ) are there is a genuine plan being formed

now China is developing thorium reactors , one might ask if thorium reactors would be better from Australia , despite abundant undeveloped uranium resources in situ ( no shipping from Russia or Greenland needed )

interesting times and irrational decisions lay ahead ,

given we have plenty of sun , a lot of coast to harvest wave energy , oodles of coal , plenty of uranium , a fair amount of gas and oil , a population still below 50 million , the real question is ... why aren't we building extra power plants NOW
 
President Donald J. Trump signed a series of executive orders aimed at easing regulations on and expanding the construction of nuclear power plants across the United States. The three executive orders signed by the president
  • seek to reform nuclear energy research at the Department of Energy,
  • clear a path to allow the Energy Department to build nuclear reactors on federally-owned land, overhaul the Nuclear Regulatory Commission and
  • expand uranium mining and enrichment by U.S-owned and operated companies, such as Constellation Energy, Oklo and General Matter, whose CEOs attended the ceremony at the White House.
 

I was being a bit tongue in cheek about the 16 years. That's the type of stuff being fed into the news by the Democrats to be fearful of Trump.

The Left inciting fear about nuclear is so obvious, it's mind blowing. Four eyed fish, it's 'risky' and 'dangerous'. The three worst nuclear power accidents in the world killed a few hundred people. More people die on the road in India each day than those accidents combined.

Thorium might be good. Does it reduce the cost and 'risk'?

If we had have gone down the road of nuclear in the 70s, like proposed at the time, and built the Bradfield with hydro and turned Tasmania indo a larger hydro battery we probably wouldn't need windmills and mirrors.

We're off in the nuclear thread now but it's related slightly.

All that's important to me here is there's a risk-on for nuclear and uranium that will strongly support the development of additional plants world-wide and URNM flies off to the moon.
 
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