Prices are published by independent market consultants UxC, LLC (UxC) and TradeTech. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. The Uranium prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. The recent price of uranium was $25.95, and it has zig-zagged around there since February. 7.2 Uranium demand and price 7.3 Price forecast 7.4 The uranium market going forward Chapter 8: Conclusions NEW FOR 2011. We have limited the number of investor kits you can request to 20. 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 … Since 2012, uranium prices have traded under the key US$50 level, reaching as low as US$18. 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. Whether you are an accredited investor or not depends on where you live and other criteria. This caused the stocks of uranium mining and exploration companies to rise, and the price reached as high as $137 per pound. “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.”. 1988-2021 Data | 2022-2023 Forecast | Price | Quote | Chart | Historical. 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. Please remember that by requesting an investor kit, you are giving permission for those companies to contact you using whatever contact information you provide. However, these factors increasing fuel demand are of… 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. 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. 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. In 2001, uranium prices were so low it reached $7 per pound. CRU is the leading expert to provide a global view of the uranium industry, with market analysis, forecasts and cost services. On average, they anticipate Uranium Energy's share price to reach $2.47 in the next twelve months. The global Uranium market is valued at xx million US$ in 2020 is expected to reach xx million US$ by the end of 2026, growing at a CAGR of xx% during 2021-2026. In 2010, uranium prices slipped further into the US$40 range. Looking forward, we estimate it … 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. In the decade or so since then, uranium prices have struggled to breach the US$29 level. 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. URANIUM PARTICIP Stock Forecast is based on your current time horizon. Only about 10 to 15 percent of uranium trades happen on the spot market. 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. 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. 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. ... especially the forecast) Global Uranium Market: Drivers and Restrains: ... region from 2015 to 2020, and global price … 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. 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. As long as nuclear power remains a growing source of power for electricity generation, uranium prices should benefit from strong economic growth. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. All readers are encouraged to perform their own due diligence. Publish your articles and forecasts in our website. The 2018 weighted-average price of $38.81 per pound U3O8e was virtually the same as the 2017 weighted-average price of … By selecting company or companies above, you are giving consent to receive communication from those companies using the contact information you provide. Weekly Reports | Dec 15 2020. Huge cuts to global uranium production have come from Kazakhstan, ranked as the world’s largest uranium-producing country. The chart of the uranium spot price is featured below. - Try Now Risk-Free - Money-back guarantee! This includes initial cores for new reactors coming online. We might want to start talking about contracting for uranium because our contracts roll off in X year. These increasing energy demands came at the same time as significant supply-side disruptions. Then it rose gradually again, until the uranium bubble of 2007. As per our 2020 forecasts we did not expect this market to do well. Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article. The prices we actually realize will be different from the prices shown in the table. On the demand side, nuclear energy generated from 440 reactors around the globe supplies about 10 percent of the world’s energy requirements. By. Analysts are cautiously optimistic about uranium prices. ... Official Close 12/29/2020 MI Indication. 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 Trading Economics Application Programming Interface (API) provides direct access to our data. Tight supply conditions — including the closure of Australia’s Ranger mine next year — will force a lift in uranium prices, the report forecasts. Another big catalyst for uranium will be utilities companies coming back to market. With its production cuts in 2020, the company is expected to purchase an even greater amount of U3O8 at spot prices. TradeTech $30.20 US$/lb December 18, 2020. The vast majority of uranium is sold through large long-term contracts between producers and utilities. 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. 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. 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. Uranium prices have been struggling to climb out of a decade-long trough. 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. 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. 16 November 2020. 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. Uranium price chart via Trading Economics. 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. For full details go to https://investingnews.com/accredited-investor-definition/ or search for "accredited investor" in the search bar above. 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. Most new mine supply that could come online in the next cycle requires a base price of $55 per pound. 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. China is constructing 11 of these new reactors, while 20 nuclear reactors are planned in Russia and India has 7 nuclear reactors under construction. Today's Uranium prices with latest Uranium charts, news and Uranium futures quotes. This suggests a possible upside of 37.0% from the stock's current price. Get the latest information about companies associated with Uranium Investing Delivered directly to your inbox. Uranium Price: Get all information on the Price of Uranium including News, Charts and Realtime Quotes. Outlook for key mining metals in 2020 after COVID-19 hit. *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. 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. 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! 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. However, solely looking at the historical price movement is usually misleading. Investors are asking, “When will the uranium price go up?”. 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. 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. “I’m not ruling out more correction first,” he said. Buyers and sellers negotiate contracts privately. 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. 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. Earnings growth for 2020 is a modest +18.2%. Add to watchlist Trade Now. In fact, according to experts at Red Cloud Securities, the price of … Chart UK Enriched Uranium Sales Price ($/Unit) 2015-2020 Chart France Enriched Uranium Sales Volume (Units) and Market Size (Million $) 2015-2020 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. Some investment opportunities are limited to accredited investors. If you want more than 20 investor kits, you need to make multiple requests. Direct access to our calendar releases and historical data. 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. Spot uranium price from US $ 50 before such activity becomes economical again since! 29 level the Trading Economics application Programming Interface ( API ) provides direct access to calendar... 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