RBC takes an axe to uranium price outlook, sees continued surplus
RBC cuts its outlook for uranium prices over the next several years as it concludes the market will remain in surplus through 2020.
RBC believes Japanese reactor restarts could result in a recovery in uranium prices to $40/lb. in late 2014 or early 2015, but thinks the price is likely to be capped at that level until the market begins to tighten; the firm predicts only four Japanese reactors will restart this year with 28 - slightly more than half the current fleet - eventually restarting.
Spot prices recently dropped below $30 as supply remains well ahead of demand since the Fukushima disaster.
RBC cuts its price target for industry leader Cameco (CCJ -2.5%), seeing shares rangebound between $18-$27.
- Forums
- ASX - By Stock
- PDN
- rbc expects u surplus till 2020
rbc expects u surplus till 2020
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm
HCH
Hot Chili sets up water company as drought racks Chile–but must also build communities a desal plant
Add PDN (ASX) to my watchlist
|
|||||
Last
$13.98 |
Change
0.810(6.15%) |
Mkt cap ! $4.179B |
Open | High | Low | Value | Volume |
$13.93 | $14.28 | $13.83 | $47.88M | 3.408M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | $13.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.98 | 6031 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 13.950 |
1 | 750 | 13.940 |
3 | 9017 | 13.920 |
3 | 21215 | 13.900 |
2 | 4385 | 13.890 |
Price($) | Vol. | No. |
---|---|---|
14.030 | 1593 | 3 |
14.050 | 6861 | 2 |
14.060 | 19654 | 1 |
14.080 | 12783 | 2 |
14.090 | 3823 | 1 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
Featured News
PDN (ASX) Chart |