There are many nuclear power utilities sitting on the fence and not committing to long term contracts at higher prices. In view of the current situation, they will probably be reviewing their strategy and it may be a catalyst to them locking in supply earlier than previously planned. Cameco`s recently announced surge in contracted volume looks to be a turning point in the market and has likely led to utilities re thinking their options. Uranium only accounts for about 8% of the total cost of generating nuclear power. So in the end , secure supply is more important than price . The USA is very vulnerable as I believe they presently get about 50% of their uranium from Rusia and associates . Going forward, there appears to be many factors contributing to a bullish outlook for the uranium market.
uranium news, page-645
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Last
$11.18 |
Change
-0.250(2.19%) |
Mkt cap ! $3.342B | |||
| Open | High | Low | Value | Volume |
| $11.66 | $11.66 | $11.18 | $25.19M | 2.232M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8339 | $11.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.24 | 800 | 1 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |