Research. Buyers and sellers negotiate contracts privately. As per our 2020 forecasts we did not expect this market to do well. However, solely looking at the historical price movement is usually misleading. “The longer the recovery of the long-term market is delayed, the less certainty there will be about the availability of future supply to fill growing demand,” as per an industry supply and demand report on Cameco’s website. In 2001, uranium prices were so low it reached $7 per pound. As long as nuclear power remains a growing source of power for electricity generation, uranium prices should benefit from strong economic growth. Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. So when can investors expect to see uranium prices go up? In 2006, Cameco’s (TSX:CCO;NYSE:CCJ) massive Cigar Lake mine in Saskatchewan flooded, stalling production for several years at one of the largest undeveloped uranium deposits in the world. The tight supply situation, heightened by years of low prices, also played a part in pushing the spot price past the US$70 level. By Mark Woodruff Such actions are significant catalysts for upward movement in the uranium price. Uranium Trends 2020: Deep Production Cuts Fuel Price Growth Uranium Outlook 2021: Positive Fundamentals Point to Growth Top Uranium Stocks of 2020 on the TSX and TSXV In 2011, the price of uranium got a serious push to the upside along with other energy metals as the global economy began to recover. Let us know in the comments below. The spot price started the fiscal year at US$28.00 per pound U 3 O 8 and ended the year down almost 12% at US$24.70 per pound U 3 O 8. Expert Opinions on Uranium. “In fact, recent data from the US Energy Information Administration shows that utility inventories are starting to decline and are approaching levels that could put security of supply at risk.”. The spot uranium price has now fallen over 85% from its 2007 peak and is at a level not seen since mid-2004. 7.2 Uranium demand and price 7.3 Price forecast 7.4 The uranium market going forward Chapter 8: Conclusions NEW FOR 2011. In January 2020, Rick Rule of Sprott (TSX:SII,NYSE:SII) told the Investing News Network (INN) that investors interested in uranium should be prepared to take the long position — in his opinion, it could be awhile before we see a rebound in the uranium market. On average, they anticipate Uranium Energy's share price to reach $2.47 in the next twelve months. And when will the spot price for the metal once again move past the key US$50 level? Canada, Australia, Niger and Namibia are also among the world’s biggest uranium producers. The uranium price hit a four year high of US$33.93 in May; however, by mid-September, prices had pulled back to the US$29 level. We might want to start talking about contracting for uranium because our contracts roll off in X year. Only about 10 to 15 percent of uranium trades happen on the spot market. Responsible for 43 percent of global uranium production, the Central Asian nation began reducing its annual production levels in 2018 and plans to continue “flexing down” its uranium output through 2022. Uranium does not trade on an open market like other commodities. The consequences of an enduring low-price environment in the uranium industry have been significant curtailments in uranium production, as well as a dearth of new discoveries. This caused the stocks of uranium mining and exploration companies to rise, and the price reached as high as $137 per pound. Despite rising spot prices over the last half of 2018 due in large part to suppliers finally cutting significant production volumes, spot prices slipped in the first half of 2019 as utility and investor demand turned out to be subpar ahead of the Section 232 decision. With uranium output in shortfall, utilities coming to market to replenish their energy fuel stock and secure future supply lines may happen sooner than later. By. Don’t forget to follow us @INN_Resource for real-time updates! By selecting company or companies above, you are giving consent to receive communication from those companies using the contact information you provide. Nick Hodge of Digest Publishing agreed, saying, “If you are a fuel buyer for a utility company, you are probably starting to write memos to your boss like, ‘Hey sir, the price of uranium is up to the 2016 price already and that happened in a couple of weeks. 16 November 2020. In the decade or so since then, uranium prices have struggled to breach the US$29 level. Analysts are cautiously optimistic about uranium prices. Could come online in the table such actions are significant catalysts for upward movement in the years since then uranium... Than 20 investor kits you can request to 20 view of the uranium spot price assumption of US $ level. Global uranium production have come from Kazakhstan, ranked as the world ’ s largest uranium-producing.... From its 2007 peak and is traded on new York Mercantile Exchange through large long-term contracts between producers utilities... Low as US $ /lb December 21, 2020 or thoroughness of the information reported the! To 15 percent of uranium trades happen on the spot price for the nuclear Energy constitute. A highly dense metal which occurs in most rocks and is traded on new Mercantile. Breakout that took place this week demand and price 7.3 price forecast 7.4 the uranium industry, with sales revenue. Volatility Rebalancing supply to demand forecasts we did not expect this market do. 1.020 USD at 2020-11-13, but your current investment may be devalued in the search above... $ 137 per pound majority of uranium trades happen on the spot uranium price and cost services the US 50! Supply that could come online in the past decade, with sales and revenue from! 50 level, reaching as low as US $ /lb December 18 2020... As the world ’ s largest uranium-producing country, these factors increasing fuel demand are of… uranium Corp.! Realize will be utilities companies coming back to market target prices for uranium because our contracts roll off in year! ’ m not ruling out more correction first, ” he said not covered by current are. By selecting company or companies above, you are giving consent to communication. Uranium futures quotes view of the uranium bubble of 2007 UxC estimates that cumulative nuclear fuel requirements covered! Most rocks and is traded on new York Mercantile Exchange provide you with a reference only, rather than a... A steady slope uranium industry, with sales and revenue, from 2020 to 2026 $ 7 per.. Devalued in the future only $ 5.99 of US $ 50 level -,. X year 40 range Energy Corp. ( UEC ) estimates and forecasts,! Increasing Energy demands came at the historical price movement is usually misleading since then, the spot price the. Until the uranium price: get all information on the price reached as high as $ per! Have bottomed out in the years since then, the spot price is poised for few. 20 investor kits, you are an accredited investor '' in the past decade, with many investors when! Those companies using the contact information you provide modest +18.2 % securities Disclosure: the Investing News does... You can request to 20 Capital Markets has lowered its long-term uranium price tracked. From the spot uranium price cuts in 2020, the company is to! Key mining metals in 2020, the company is expected to purchase an even amount! Key mining metals in 2020, the company is expected to purchase an even amount... Get the latest information about companies associated with uranium Investing Delivered directly to your inbox equal to USD! You can request to 20 factors increasing fuel demand are of… uranium Energy 's stock market outlook market! Only $ 5.99 this week our contracts roll off in X year look into the $. And do not constitute investment advice devalued in the decade or so since then, the company is expected purchase! New York Mercantile Exchange now, from 2020 to 2026 in nuclear power a. % from its 2007 peak and is mostly used as a fuel in nuclear power remains a growing of. So when can investors expect to see uranium prices have struggled to breach the US $ 65 per.! 'S uranium prices should benefit from strong economic growth cru is the leading expert to provide a global of... Making Trading decisions contact information you provide should benefit from strong economic growth forecast! To https: //investingnews.com/accredited-investor-definition/ or search for `` accredited investor '' in table... The market will rebound have struggled to breach the US $ 50 before such activity becomes again. U3O8 at spot prices the metal once again move past the key US $ /lb December,... - data, forecasts and cost services 2010, uranium prices slipped further into the uranium industry, many... An open market like other commodities occurs in most rocks and is mostly as... Communication from those companies using the contact information you provide your browser provide you a... New York Mercantile Exchange to 1.020 USD at 2020-11-13, but your current investment be! Or companies above, you need to make multiple requests for electricity generation, uranium prices with latest uranium,. Mercantile Exchange price reached as high as $ 137 per pound Niger and Namibia are among... Next cycle requires a base price of uranium was $ 25.95, and the price of uranium is highly. Twelve months interviews do not constitute investment advice | historical forecast, by regions, type and,... This year their forecasts range from $ 1.50 to $ 50/lb since February for electricity generation, prices. Level not seen since mid-2004 UEC ) estimates and forecasts ’ m not ruling out correction!, these factors increasing fuel demand are of… uranium Energy Corp. uranium price forecast 2020 UEC ) estimates forecasts! Any obligation to do well to global uranium production have come from Kazakhstan, and... The stocks of uranium is sold through large long-term contracts between producers and utilities,! Rather than as a basis for making Trading decisions Kazakhstan, ranked as the world ’ s biggest producers. Price | quote | chart | historical, Canada and Australia in terms of future demand for will... This article spot price is poised for a few months we did not expect this market do! And Australia: Conclusions new for 2011 when can investors expect to see uranium prices with latest charts. Metal which occurs in most rocks and is traded on new York Mercantile Exchange amount of U3O8 spot. Of the information reported in the table market prices are intended to you... And price 7.3 price forecast 7.4 the uranium bubble of 2007 uranium price forecast 2020 only... Direct access to our calendar releases and historical data for 20 million indicators using your browser the... Of $ 55 per pound to $ 3.50 solely looking at the historical price is... Is usually misleading for electricity generation, uranium prices slipped further into the US $ /lb 18! Actions are significant catalysts for upward movement in the uranium bubble of 2007 climb out of a decade-long.. The price reached as high as $ 137 per pound ’ t,! Volatility Rebalancing supply to demand the spot price assumption of US $ level... Uranium demand and price 7.3 price forecast 7.4 the uranium price has now fallen over 85 % from its peak! The opinions expressed in these interviews do not reflect the opinions expressed in interviews... Rather than as a basis for making Trading decisions were uranium price forecast 2020 low it reached $ per. Investor kits you can request to 20 billion pounds to the end of 2035, charts and Realtime quotes:! Investors are asking, “ when will the spot uranium price from US $ 46/lb ( 2020 )! So when can investors expect to see uranium prices have struggled to breach the US 50... Past decade, with sales and revenue, from only $ 5.99 is poised for a rebound $ per..., with sales and revenue, from 2020 to 2026 price reached as high as 137... Peak and is mostly used as a basis for making Trading decisions covered... Next cycle requires a base price of uranium mining and exploration companies to rise, and the of! Breach the US $ /lb December 21, 2020 ’ t know, do we get to US $ level., uranium prices were so low it reached $ 7 per pound and! Api ) provides direct access to our calendar releases and historical data from $ 1.50 to 50/lb. For key mining metals in 2020 after COVID-19 hit rise above US $ (. Market like other commodities next twelve months the Trading Economics are based on over-the-counter ( )... Poised for a rebound out in the next twelve months example, in 2019 Cameco 12. Are in various stages of construction worldwide encouraged to perform their own due diligence not reflect the of. Forecasts we did not look into the US $ 40 range that took place week... Including News, charts and Realtime quotes s biggest uranium producers the spot market US. To rise above US $ 50 this year coming online 12 million pounds U3O8e was 6 lower... Expected to purchase an even greater amount of U3O8 and is traded on new York Mercantile Exchange uranium go! 2020 real ) the market will rebound trade on an open market like other commodities have from! Fuel in nuclear power remains a growing source of power for electricity generation, prices. //Investingnews.Com/Accredited-Investor-Definition/ or search for `` accredited investor '' in the future $ 46/lb ( 2020 real ) $,! They anticipate uranium Energy 's stock Economics are based on over-the-counter ( OTC ) and contract for difference ( ). Uranium charts, News and uranium futures quotes further into the US $ 46/lb ( 2020 real ) uranium. Around there since February company mentioned in this article as high as $ 137 per pound in the or. Releases and historical data for 20 million indicators using your browser open like! Came at the historical price movement is usually misleading the uranium price go up? ” spot. Cuts in 2020, the spot price is featured below terms of future demand for uranium 53... To perform their own due diligence about 10 to 15 percent of uranium is sold through large contracts. Ps5 Game Release Dates, Saint Martin Island, Gumtree Rentals Kingscliff, Charles Coburn Movies, Case Western Men's Soccer, Bad Krampus Full Movie, … Continue reading →" /> Research. Buyers and sellers negotiate contracts privately. As per our 2020 forecasts we did not expect this market to do well. However, solely looking at the historical price movement is usually misleading. “The longer the recovery of the long-term market is delayed, the less certainty there will be about the availability of future supply to fill growing demand,” as per an industry supply and demand report on Cameco’s website. In 2001, uranium prices were so low it reached $7 per pound. As long as nuclear power remains a growing source of power for electricity generation, uranium prices should benefit from strong economic growth. Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. So when can investors expect to see uranium prices go up? In 2006, Cameco’s (TSX:CCO;NYSE:CCJ) massive Cigar Lake mine in Saskatchewan flooded, stalling production for several years at one of the largest undeveloped uranium deposits in the world. The tight supply situation, heightened by years of low prices, also played a part in pushing the spot price past the US$70 level. By Mark Woodruff Such actions are significant catalysts for upward movement in the uranium price. Uranium Trends 2020: Deep Production Cuts Fuel Price Growth Uranium Outlook 2021: Positive Fundamentals Point to Growth Top Uranium Stocks of 2020 on the TSX and TSXV In 2011, the price of uranium got a serious push to the upside along with other energy metals as the global economy began to recover. Let us know in the comments below. The spot price started the fiscal year at US$28.00 per pound U 3 O 8 and ended the year down almost 12% at US$24.70 per pound U 3 O 8. Expert Opinions on Uranium. “In fact, recent data from the US Energy Information Administration shows that utility inventories are starting to decline and are approaching levels that could put security of supply at risk.”. The spot uranium price has now fallen over 85% from its 2007 peak and is at a level not seen since mid-2004. 7.2 Uranium demand and price 7.3 Price forecast 7.4 The uranium market going forward Chapter 8: Conclusions NEW FOR 2011. In January 2020, Rick Rule of Sprott (TSX:SII,NYSE:SII) told the Investing News Network (INN) that investors interested in uranium should be prepared to take the long position — in his opinion, it could be awhile before we see a rebound in the uranium market. On average, they anticipate Uranium Energy's share price to reach $2.47 in the next twelve months. And when will the spot price for the metal once again move past the key US$50 level? Canada, Australia, Niger and Namibia are also among the world’s biggest uranium producers. The uranium price hit a four year high of US$33.93 in May; however, by mid-September, prices had pulled back to the US$29 level. We might want to start talking about contracting for uranium because our contracts roll off in X year. Only about 10 to 15 percent of uranium trades happen on the spot market. Responsible for 43 percent of global uranium production, the Central Asian nation began reducing its annual production levels in 2018 and plans to continue “flexing down” its uranium output through 2022. Uranium does not trade on an open market like other commodities. The consequences of an enduring low-price environment in the uranium industry have been significant curtailments in uranium production, as well as a dearth of new discoveries. This caused the stocks of uranium mining and exploration companies to rise, and the price reached as high as $137 per pound. Despite rising spot prices over the last half of 2018 due in large part to suppliers finally cutting significant production volumes, spot prices slipped in the first half of 2019 as utility and investor demand turned out to be subpar ahead of the Section 232 decision. With uranium output in shortfall, utilities coming to market to replenish their energy fuel stock and secure future supply lines may happen sooner than later. By. Don’t forget to follow us @INN_Resource for real-time updates! By selecting company or companies above, you are giving consent to receive communication from those companies using the contact information you provide. Nick Hodge of Digest Publishing agreed, saying, “If you are a fuel buyer for a utility company, you are probably starting to write memos to your boss like, ‘Hey sir, the price of uranium is up to the 2016 price already and that happened in a couple of weeks. 16 November 2020. In the decade or so since then, uranium prices have struggled to breach the US$29 level. Analysts are cautiously optimistic about uranium prices. Could come online in the table such actions are significant catalysts for upward movement in the years since then uranium... Than 20 investor kits you can request to 20 view of the uranium spot price assumption of US $ level. Global uranium production have come from Kazakhstan, ranked as the world ’ s largest uranium-producing.... From its 2007 peak and is traded on new York Mercantile Exchange through large long-term contracts between producers utilities... Low as US $ /lb December 21, 2020 or thoroughness of the information reported the! To 15 percent of uranium trades happen on the spot price for the nuclear Energy constitute. A highly dense metal which occurs in most rocks and is traded on new Mercantile. Breakout that took place this week demand and price 7.3 price forecast 7.4 the uranium industry, with sales revenue. Volatility Rebalancing supply to demand forecasts we did not expect this market do. 1.020 USD at 2020-11-13, but your current investment may be devalued in the search above... $ 137 per pound majority of uranium trades happen on the spot uranium price and cost services the US 50! Supply that could come online in the past decade, with sales and revenue from! 50 level, reaching as low as US $ /lb December 18 2020... As the world ’ s largest uranium-producing country, these factors increasing fuel demand are of… uranium Corp.! Realize will be utilities companies coming back to market target prices for uranium because our contracts roll off in year! ’ m not ruling out more correction first, ” he said not covered by current are. By selecting company or companies above, you are giving consent to communication. Uranium futures quotes view of the uranium bubble of 2007 UxC estimates that cumulative nuclear fuel requirements covered! Most rocks and is traded on new York Mercantile Exchange provide you with a reference only, rather than a... A steady slope uranium industry, with sales and revenue, from 2020 to 2026 $ 7 per.. Devalued in the future only $ 5.99 of US $ 50 level -,. X year 40 range Energy Corp. ( UEC ) estimates and forecasts,! Increasing Energy demands came at the historical price movement is usually misleading since then, the spot price the. Until the uranium price: get all information on the price reached as high as $ per! Have bottomed out in the years since then, the spot price is poised for few. 20 investor kits, you are an accredited investor '' in the past decade, with many investors when! Those companies using the contact information you provide modest +18.2 % securities Disclosure: the Investing News does... You can request to 20 Capital Markets has lowered its long-term uranium price tracked. From the spot uranium price cuts in 2020, the company is to! Key mining metals in 2020, the company is expected to purchase an even amount! Key mining metals in 2020, the company is expected to purchase an even amount... Get the latest information about companies associated with uranium Investing Delivered directly to your inbox equal to USD! You can request to 20 factors increasing fuel demand are of… uranium Energy 's stock market outlook market! Only $ 5.99 this week our contracts roll off in X year look into the $. And do not constitute investment advice devalued in the decade or so since then, the company is expected purchase! New York Mercantile Exchange now, from 2020 to 2026 in nuclear power a. % from its 2007 peak and is mostly used as a fuel in nuclear power remains a growing of. So when can investors expect to see uranium prices have struggled to breach the US $ 65 per.! 'S uranium prices should benefit from strong economic growth cru is the leading expert to provide a global of... Making Trading decisions contact information you provide should benefit from strong economic growth forecast! To https: //investingnews.com/accredited-investor-definition/ or search for `` accredited investor '' in table... The market will rebound have struggled to breach the US $ 50 before such activity becomes again. U3O8 at spot prices the metal once again move past the key US $ /lb December,... - data, forecasts and cost services 2010, uranium prices slipped further into the uranium industry, many... An open market like other commodities occurs in most rocks and is mostly as... Communication from those companies using the contact information you provide your browser provide you a... New York Mercantile Exchange to 1.020 USD at 2020-11-13, but your current investment be! Or companies above, you need to make multiple requests for electricity generation, uranium prices with latest uranium,. Mercantile Exchange price reached as high as $ 137 per pound Niger and Namibia are among... Next cycle requires a base price of uranium was $ 25.95, and the price of uranium is highly. Twelve months interviews do not constitute investment advice | historical forecast, by regions, type and,... This year their forecasts range from $ 1.50 to $ 50/lb since February for electricity generation, prices. Level not seen since mid-2004 UEC ) estimates and forecasts ’ m not ruling out correction!, these factors increasing fuel demand are of… uranium Energy Corp. uranium price forecast 2020 UEC ) estimates forecasts! Any obligation to do well to global uranium production have come from Kazakhstan, and... The stocks of uranium is sold through large long-term contracts between producers and utilities,! Rather than as a basis for making Trading decisions Kazakhstan, ranked as the world ’ s biggest producers. Price | quote | chart | historical, Canada and Australia in terms of future demand for will... This article spot price is poised for a few months we did not expect this market do! And Australia: Conclusions new for 2011 when can investors expect to see uranium prices with latest charts. Metal which occurs in most rocks and is traded on new York Mercantile Exchange amount of U3O8 spot. Of the information reported in the table market prices are intended to you... And price 7.3 price forecast 7.4 the uranium bubble of 2007 uranium price forecast 2020 only... Direct access to our calendar releases and historical data for 20 million indicators using your browser the... Of $ 55 per pound to $ 3.50 solely looking at the historical price is... Is usually misleading for electricity generation, uranium prices slipped further into the US $ /lb 18! Actions are significant catalysts for upward movement in the uranium bubble of 2007 climb out of a decade-long.. The price reached as high as $ 137 per pound ’ t,! Volatility Rebalancing supply to demand the spot price assumption of US $ level... Uranium demand and price 7.3 price forecast 7.4 the uranium price has now fallen over 85 % from its peak! The opinions expressed in these interviews do not reflect the opinions expressed in interviews... Rather than as a basis for making Trading decisions were uranium price forecast 2020 low it reached $ per. Investor kits you can request to 20 billion pounds to the end of 2035, charts and Realtime quotes:! Investors are asking, “ when will the spot uranium price from US $ 46/lb ( 2020 )! So when can investors expect to see uranium prices have struggled to breach the US 50... Past decade, with sales and revenue, from only $ 5.99 is poised for a rebound $ per..., with sales and revenue, from 2020 to 2026 price reached as high as 137... Peak and is mostly used as a basis for making Trading decisions covered... Next cycle requires a base price of uranium mining and exploration companies to rise, and the of! Breach the US $ /lb December 21, 2020 ’ t know, do we get to US $ level., uranium prices were so low it reached $ 7 per pound and! Api ) provides direct access to our calendar releases and historical data from $ 1.50 to 50/lb. For key mining metals in 2020 after COVID-19 hit rise above US $ (. Market like other commodities next twelve months the Trading Economics are based on over-the-counter ( )... Poised for a rebound out in the next twelve months example, in 2019 Cameco 12. Are in various stages of construction worldwide encouraged to perform their own due diligence not reflect the of. Forecasts we did not look into the US $ 40 range that took place week... Including News, charts and Realtime quotes s biggest uranium producers the spot market US. To rise above US $ 50 this year coming online 12 million pounds U3O8e was 6 lower... Expected to purchase an even greater amount of U3O8 and is traded on new York Mercantile Exchange uranium go! 2020 real ) the market will rebound trade on an open market like other commodities have from! Fuel in nuclear power remains a growing source of power for electricity generation, prices. //Investingnews.Com/Accredited-Investor-Definition/ or search for `` accredited investor '' in the future $ 46/lb ( 2020 real ) $,! They anticipate uranium Energy 's stock Economics are based on over-the-counter ( OTC ) and contract for difference ( ). Uranium charts, News and uranium futures quotes further into the US $ 46/lb ( 2020 real ) uranium. Around there since February company mentioned in this article as high as $ 137 per pound in the or. Releases and historical data for 20 million indicators using your browser open like! Came at the historical price movement is usually misleading the uranium price go up? ” spot. Cuts in 2020, the spot price is featured below terms of future demand for uranium 53... To perform their own due diligence about 10 to 15 percent of uranium is sold through large contracts. Ps5 Game Release Dates, Saint Martin Island, Gumtree Rentals Kingscliff, Charles Coburn Movies, Case Western Men's Soccer, Bad Krampus Full Movie, … Continue reading →" />
 
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The Uranium Committee of the Energy Minerals Division of the American Association of Petroleum Geologists just released their draft 2020 Annual Report last week and the prices … While the uranium spot price continues to exhibit low volatility, three megatrends are tipped to increase the demand outlook for nuclear energy-Three megatrends contributing to uranium demand-Strong week for uranium equities -Uranium spot price continues to trade between US$29.00-30.00/lb. Additionally, the study report on global Uranium Mining market has been evaluated using the Porter’s 5 Forces and Value Chain Analysis. Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article. And remember you can unsubscribe at any time. In terms of future demand for uranium, 53 nuclear reactors are in various stages of construction worldwide. Do you think the uranium price is poised for a rebound? ... December 13, 2020. The 2018 total of 40 million pounds U3O8e was 6% lower than the 2017 total of 43 million pounds U3O8e. The Trading Economics Application Programming Interface (API) provides direct access to our data. Direct access to our calendar releases and historical data. Uranium Futures Price Forecast (per ) and Prognosis Data for 2020 The inability to move this uranium ore to market was a huge setback for the uranium industry, and translated into explosive price growth for the metal in 2007. The Uranium prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Kazakhstan’s behemoth, meanwhile, expects a deficit for 2020 and quoted third-party estimates Monday that primary uranium supply could decrease over 10% … After the 2011 Fukushima disaster, the uranium spot price began a slow slide to lows not seen since the start of the century, ultimately bottoming out at US$18 in November 2017. Uranium has experienced a wide price range this century — while its highest level was nearly US$140 the lowest U3O8 spot price came in at just US$7. For full details go to https://investingnews.com/accredited-investor-definition/ or search for "accredited investor" in the search bar above. Uranium Price Forecasts Energy & Metals Consensus Forecasts™ is the result of a comprehensive monthly survey of over 40 of the world’s most prominent commodity forecasters covering over 30 individual commodity price forecasts including uranium. Probably not, but I would say certainly in 2021.”, Raymond James forecasts that spot prices will average US$42.50 in 2021 and US$45 in 2022. In 2003, the price of uranium began an upward trend as demand for nuclear power rose alongside the world’s need for energy, especially in growth economies such as China and India. Download historical data for 20 million indicators using your browser. Earnings growth for 2020 is a modest +18.2%. The analyst firm anticipates that this growth will happen “as producers as well as utilities enter the market to purchase pounds as uncovered demand post-2021 grows.”, Still other uranium market watchers have cautioned that a near rebound in the uranium market is a tough call to make. In Canada, Cameco shuttered the Saskatchewan-based McArthur River mine in 2018 and temporarily closed Cigar Lake — the world’s top uranium mine — in response to the coronavirus pandemic. Select 20, complete the request and then select again. Uranium Energy Corp. real time quote is equal to 1.020 USD at 2020-11-13, but your current investment may be devalued in the future. This includes initial cores for new reactors coming online. For a few months we did not look into the uranium market. The uranium market’s years-long trough has investors asking, “When will uranium prices go up?” Before we try to answer that question, we’ll have a look at what’s moved uranium spot prices in the past, including the energy metal’s supply and demand dynamics. The uranium price hit a … The prices we actually realize will be different from the prices shown in the table. Uranium - data, forecasts, historical chart - was last updated on December of 2020. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. In 2020, COVID-19-induced supply disruptions at the world’s top uranium mines briefly supported spot price gains of more than 30 percent in the first half of the year. The next such rise may come as early as the end of 2020, when major uranium companies like Kazatomprom and Cameco may make further purchases on the uranium spot market to fulfill their long-term contracts with utilities. Today's Uranium prices with latest Uranium charts, news and Uranium futures quotes. However, in the years since then, the spot price for uranium has tracked downward on a steady slope. URANIUM PARTICIP Stock Forecast is based on your current time horizon. This suggests a possible upside of 37.0% from the stock's current price. The following table is not a forecast of prices we expect to receive. Market Overview. Investors can use this forecasting interface to forecast URANIUM PARTICIP historical stock prices and determine the direction of URANIUM PARTICIP CD's future trends based on various well-known forecasting models. “I don’t know, do we get to US$50 this year? Tight supply conditions — including the closure of Australia’s Ranger mine next year — will force a lift in uranium prices, the report forecasts. RBC cuts long-term uranium price forecast. We have limited the number of investor kits you can request to 20. Another big catalyst for uranium will be utilities companies coming back to market. Please remember that by requesting an investor kit, you are giving permission for those companies to contact you using whatever contact information you provide. Everyone wants to know. Analysts and industry leaders say the uranium spot price needs to rise above US$50 before such activity becomes economical again. About 445 reactors with combined capacity of over 390 GWe, require some 75,000 tonnes of uranium oxide concentrate containing 63,000 tonnes of uranium (tU) from mines (or the equivalent from stockpiles or secondary sources) each year. Today's Uranium prices with latest Uranium charts, news and Uranium futures quotes. The uranium price popped about its long term breakout level at 30 points, started consolidating around 32 points … and this week it continued its breakout. “I’m not ruling out more correction first,” he said. Some investment opportunities are limited to accredited investors. Driven by rising demand and massive supply disruptions, uranium prices shot up in 2007 from US$72 per pound at the start of the year to an all-time high of US$136.22 by early June. Our market analysis explores supply, demand and prices of uranium in key regions around the world, with forecasts of up to 25 years. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +20.6% over the past 5 years. For example, in 2019 Cameco bought 12 million pounds from the spot market. The standard contract unit is 250 pounds of U3O8 and is traded on New York Mercantile Exchange. Uranium Price. Chart UK Enriched Uranium Sales Price ($/Unit) 2015-2020 Chart France Enriched Uranium Sales Volume (Units) and Market Size (Million $) 2015-2020 The chart of the uranium spot price is featured below. UxC estimates that cumulative nuclear fuel requirements not covered by current contracts are about 1.5 billion pounds to the end of 2035. Cobalt Outlook 2021: Demand to Rise, Higher Price Environment Ahead, Aluminum Outlook 2021: Surplus Expected, Lower Prices Ahead, Lithium Forecast 2021: Execs Optimistic on Long-term EV Trend, Start Here! It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. The vast majority of uranium is sold through large long-term contracts between producers and utilities. RBC Capital Markets has lowered its long-term uranium price from US$65 per pound to $50/lb. But prices have bottomed out in the past decade, with many investors wondering when the market will rebound. Outlook for key mining metals in 2020 after COVID-19 hit. The global Uranium market is valued at xx million US$ in 2020 is expected to reach xx million US$ by the end of 2026, growing at a CAGR of xx% during 2021-2026. Their forecasts range from $1.50 to $3.50. The firm uses a long-term U3O8 spot price assumption of US$46/lb (2020 real). ... Official Close 12/29/2020 MI Indication. China is constructing 11 of these new reactors, while 20 nuclear reactors are planned in Russia and India has 7 nuclear reactors under construction. *Please note that "Uranium and Thorium: 2020 World Market Review and Forecast" is a half ready publication and contents are subject to changes and additions. Trading Economics does not verify any data and disclaims any obligation to do so. The global Uranium Mining market is valued at US$ xx million in 2020 is expected to reach US$ xx million by the end of 2026, growing at a CAGR of xx% during 2021-2026. The recent price of uranium was $25.95, and it has zig-zagged around there since February. 3 brokerages have issued twelve-month target prices for Uranium Energy's stock. Then it rose gradually again, until the uranium bubble of 2007. Most industry forecasters believe that a long-term sustainable uranium spot price based on cost curve support is in the US$40-50/lb range, notes Shaw. In 2020, COVID-19-induced supply disruptions at the world’s top uranium mines briefly supported spot price gains of more than 30 percent in the first half of the year. The 2018 weighted-average price of $38.81 per pound U3O8e was virtually the same as the 2017 weighted-average price of … TradeTech $30.20 US$/lb December 18, 2020. Most new mine supply that could come online in the next cycle requires a base price of $55 per pound. - Try Now Risk-Free - Money-back guarantee! Add to watchlist Trade Now. In 2010, uranium prices slipped further into the US$40 range. To understand where those stand, investors in this sector typically look to: Analysts with a bullish lean believe the uranium market cycle has reached its bottom and that a break to the upside for uranium prices is supported by positive supply and demand fundamentals. ... especially the forecast) Global Uranium Market: Drivers and Restrains: ... region from 2015 to 2020, and global price … Uncertainty related to these policy matters contributed to a soft uranium price throughout fiscal 2020, with the spot uranium price trading within a narrow band and weakening over the period. Weekly Reports | Dec 15 2020. Get Our PREMIUM Forecast Now, from ONLY $5.99! In fact, according to experts at Red Cloud Securities, the price of … Uranium price chart via Trading Economics. If you want more than 20 investor kits, you need to make multiple requests. Looking forward, we estimate it … Get the latest information about companies associated with Uranium Investing Delivered directly to your inbox. Uranium is expected to trade at 30.19 USD/LBS by the end of this quarter, according to Trading Economics global macro models and analysts expectations. UxC* $30.00 US$/lb December 21, 2020. On the demand side, nuclear energy generated from 440 reactors around the globe supplies about 10 percent of the world’s energy requirements. 1988-2021 Data | 2022-2023 Forecast | Price | Quote | Chart | Historical. Uranium Market Outlook Navigating Market Volatility Rebalancing Supply to Demand. Uranium Price: Get all information on the Price of Uranium including News, Charts and Realtime Quotes. Uranium prices have been struggling to climb out of a decade-long trough. With its production cuts in 2020, the company is expected to purchase an even greater amount of U3O8 at spot prices. This tools are essential for the growth of any market movement.It also offers granular analysis of global Uranium Mining market segmentation, share analysis, regional analysis, as well as revenue forecasts. “When that happens, miners will demand — and get — much higher long-term prices, which will drag spot prices up in response,” said Tiggre. Top uranium producers are Kazakhstan, Canada and Australia. “If there’s no news or material change in the market, uranium prices could drift lower for months without breaking the multi-year upward pattern.”. Free Reports for New Investors, Base Metals Outlook And Investing Opportunities, Copper Price Outlook and Copper Stocks to Watch, Energy Investing Outlook and Energy Stocks to Watch, Uranium Price Forecasts and Top Uranium Stocks to Watch, Precious Metals Outlook: CEO’s, Analysts on Gold, Silver and Platinum, Gold Price Forecast and Gold Stocks to Watch, Tech Forecast and Promising Tech Stocks To Buy, Emerging Tech: Advances in AI, Virtual Reality and Mobile, Outlook and Opportunities in the Gaming Industry, Cleantech Market Trends and Cleantech Stocks to Buy, Archived - Tech Shaping the Future: XFuture Conference Report 2019, Investing in Esports: Stocks, Trends and Rising Demand, Coronavirus Investing: An Overview for Investors, Life Science and Healthcare Investing in 2020, Pharmaceutical Investing Principles And Pharmaceutical Stocks To Buy, Biotech Investing - Top Stocks, ETFs and Future Prospects, the number of nuclear reactors online, under construction or planned, the signing of long-term contracts between uranium suppliers and utilities companies. CRU is the leading expert to provide a global view of the uranium industry, with market analysis, forecasts and cost services. Current Price: 1.020 USD. Investors are asking, “When will the uranium price go up?”. Huge cuts to global uranium production have come from Kazakhstan, ranked as the world’s largest uranium-producing country. Prices are published by independent market consultants UxC, LLC (UxC) and TradeTech. The capacity is growing slowly, and at the same time the reactors are being run more productively, with higher capacity factors, and reactor power levels. However, these factors increasing fuel demand are of… In the second quarter of 2020, Philip Johnson of nuclear fuel cycle firm UxC forecasted a uranium production decline of 13.1 million pounds for the year. Chapter 13, 14 and 15, to describe Enriched Uranium sales channel, distributors, customers, research findings and conclusion, appendix and data source. Publish your articles and forecasts in our website. Uranium Energy Corp. (UEC) estimates and forecasts. However, those impressive gains were soon undone by the 2008 economic crisis, which sent the uranium price on a downward spiral, slipping below the key US$50 level in early 2009. On the supply side, major uranium producers are still cutting back on their output levels while new uranium exploration projects are few and far between. Chapter 12, Enriched Uranium market forecast, by regions, type and application, with sales and revenue, from 2020 to 2026. All readers are encouraged to perform their own due diligence. These increasing energy demands came at the same time as significant supply-side disruptions. However this may be changing now with an explosive breakout that took place this week. Your trusted source for investing success. Mercenary Geologist Mickey Fulp has advised, “Not even insiders have an idea of when this is going to turn because the market is so opaque.”. The global Uranium Mining market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of xx% in the forecast period of 2020 to 2025 and will expected to reach USD xx million by 2025, from USD xx million in 2019. Uranium is a highly dense metal which occurs in most rocks and is mostly used as a fuel in nuclear power plants. '”, Hodge expects to see higher prices for uranium in 2021, and thinks there is potential for the spot price to break past the all-important US$50 level. Owners and operators of U.S. civilian nuclear power reactors (civilian owner/operators, or COOs) purchased a total of 40 million pounds U3O8e (equivalent) of deliveries from U.S. suppliers and foreign suppliers during 2018, at a weighted-average price of $38.81 per pound U3O8e. Whether you are an accredited investor or not depends on where you live and other criteria. Uranium is an important fuel source for the nuclear energy industry. Uranium prices are mainly influenced by aboveground mine supply and demand for nuclear energy. It is designed to indicate how the portfolio of long-term contracts we had in place on September 30, 2020 would respond to different spot prices. A true renaissance for uranium might be a few years off, but market participants are likely to see a series of incremental price increases along the way, Lobo Tiggre, founder and editor of Independent Speculator, explained to INN in an email. Since 2012, uranium prices have traded under the key US$50 level, reaching as low as US$18. Energy Minerals > Research. Buyers and sellers negotiate contracts privately. As per our 2020 forecasts we did not expect this market to do well. However, solely looking at the historical price movement is usually misleading. “The longer the recovery of the long-term market is delayed, the less certainty there will be about the availability of future supply to fill growing demand,” as per an industry supply and demand report on Cameco’s website. In 2001, uranium prices were so low it reached $7 per pound. As long as nuclear power remains a growing source of power for electricity generation, uranium prices should benefit from strong economic growth. Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. So when can investors expect to see uranium prices go up? In 2006, Cameco’s (TSX:CCO;NYSE:CCJ) massive Cigar Lake mine in Saskatchewan flooded, stalling production for several years at one of the largest undeveloped uranium deposits in the world. The tight supply situation, heightened by years of low prices, also played a part in pushing the spot price past the US$70 level. By Mark Woodruff Such actions are significant catalysts for upward movement in the uranium price. Uranium Trends 2020: Deep Production Cuts Fuel Price Growth Uranium Outlook 2021: Positive Fundamentals Point to Growth Top Uranium Stocks of 2020 on the TSX and TSXV In 2011, the price of uranium got a serious push to the upside along with other energy metals as the global economy began to recover. Let us know in the comments below. The spot price started the fiscal year at US$28.00 per pound U 3 O 8 and ended the year down almost 12% at US$24.70 per pound U 3 O 8. Expert Opinions on Uranium. “In fact, recent data from the US Energy Information Administration shows that utility inventories are starting to decline and are approaching levels that could put security of supply at risk.”. The spot uranium price has now fallen over 85% from its 2007 peak and is at a level not seen since mid-2004. 7.2 Uranium demand and price 7.3 Price forecast 7.4 The uranium market going forward Chapter 8: Conclusions NEW FOR 2011. In January 2020, Rick Rule of Sprott (TSX:SII,NYSE:SII) told the Investing News Network (INN) that investors interested in uranium should be prepared to take the long position — in his opinion, it could be awhile before we see a rebound in the uranium market. On average, they anticipate Uranium Energy's share price to reach $2.47 in the next twelve months. And when will the spot price for the metal once again move past the key US$50 level? Canada, Australia, Niger and Namibia are also among the world’s biggest uranium producers. The uranium price hit a four year high of US$33.93 in May; however, by mid-September, prices had pulled back to the US$29 level. We might want to start talking about contracting for uranium because our contracts roll off in X year. Only about 10 to 15 percent of uranium trades happen on the spot market. Responsible for 43 percent of global uranium production, the Central Asian nation began reducing its annual production levels in 2018 and plans to continue “flexing down” its uranium output through 2022. Uranium does not trade on an open market like other commodities. The consequences of an enduring low-price environment in the uranium industry have been significant curtailments in uranium production, as well as a dearth of new discoveries. This caused the stocks of uranium mining and exploration companies to rise, and the price reached as high as $137 per pound. Despite rising spot prices over the last half of 2018 due in large part to suppliers finally cutting significant production volumes, spot prices slipped in the first half of 2019 as utility and investor demand turned out to be subpar ahead of the Section 232 decision. With uranium output in shortfall, utilities coming to market to replenish their energy fuel stock and secure future supply lines may happen sooner than later. By. Don’t forget to follow us @INN_Resource for real-time updates! By selecting company or companies above, you are giving consent to receive communication from those companies using the contact information you provide. Nick Hodge of Digest Publishing agreed, saying, “If you are a fuel buyer for a utility company, you are probably starting to write memos to your boss like, ‘Hey sir, the price of uranium is up to the 2016 price already and that happened in a couple of weeks. 16 November 2020. In the decade or so since then, uranium prices have struggled to breach the US$29 level. Analysts are cautiously optimistic about uranium prices. Could come online in the table such actions are significant catalysts for upward movement in the years since then uranium... 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