Korea got a bit of a shock in 2023 with public tender (RFP) for u308. This year news is "KHNP is negotiating off-market this year"
Is BHP the go to given its mostly spot sales? Hope so myself if the market linked price is included in the contract that might or might not be occurring now.
Spot price is USD$83lbs at the moment. With little available and news like the biggest banks opening the purse strings to New Nuclear power and more making the current Spot pricing looking very unstable to the up side.
This pod cast gives a good up to date overview
https://open.spotify.com/episode/7aqipjZXZm9oldsJcViy9L?si=c5887e6b27d24f6cBHP 2017 view is interesting to read again given the massive changes seen now
Uranium a tale of two tails | BHPThe Australian did a yarn on it "Uranium new boom metal despite the politics Markets can be wrong, but the big money believes that nuclear energy is an essential component to combat emissions at an affordable price." Paywalled of course
This is another Australian BHP yarn "BHP seeks to lift nuclear barriers BHP is pushing the Albanese government to remove ‘prohibitions’ on nuclear energy amid fears that restricting power sources in the grid will hold-back the clean energy transition."
First time in 2024 we reported "Key developments in FY2024
Copper South Australia achieved production of 322 kilotonnes (kt) of
payable copper, gold production of 370 thousand troy ounces (ktoz) and
3.6 kt of uranium. "
Page 52 has
$568,000,000 sales of uranium up from 362,000,000 for prior 2023 year!
While some still point out that's a fraction of iron ore its growing rapidly and is going to be more and more relevant to shareholders. Very please BHP is quietly and honestly reporting U308 production and sales finally
(20min delay)