Research. ... especially the forecast) Global Uranium Market: Drivers and Restrains: ... region from 2015 to 2020, and global price … 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. The vast majority of uranium is sold through large long-term contracts between producers and utilities. Do you think the uranium price is poised for a rebound? Uranium price chart via Trading Economics. Some investment opportunities are limited to accredited investors. 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. However, these factors increasing fuel demand are of… 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. Publish your articles and forecasts in our website. Top uranium producers are Kazakhstan, Canada and Australia. “I don’t know, do we get to US$50 this year? Such actions are significant catalysts for upward movement in the uranium price. 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. - Try Now Risk-Free - Money-back guarantee! “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.”. Expert Opinions on Uranium. For full details go to https://investingnews.com/accredited-investor-definition/ or search for "accredited investor" in the search bar above. 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 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. The following table is not a forecast of prices we expect to receive. 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. These increasing energy demands came at the same time as significant supply-side disruptions. 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. And when will the spot price for the metal once again move past the key US$50 level? 1988-2021 Data | 2022-2023 Forecast | Price | Quote | Chart | Historical. Uranium prices have been struggling to climb out of a decade-long trough. 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$18 in November 2017. Uranium Futures Price Forecast (per ) and Prognosis Data for 2020 By. By Mark Woodruff Chart UK Enriched Uranium Sales Price ($/Unit) 2015-2020 Chart France Enriched Uranium Sales Volume (Units) and Market Size (Million $) 2015-2020 This suggests a possible upside of 37.0% from the stock's current price. ... Official Close 12/29/2020 MI Indication. 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. 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. 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. 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. 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. As per our 2020 forecasts we did not expect this market to do well. For a few months we did not look into the uranium market. However this may be changing now with an explosive breakout that took place this week. Everyone wants to know. The firm uses a long-term U3O8 spot price assumption of US$46/lb (2020 real). 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. Since 2012, uranium prices have traded under the key US$50 level, reaching as low as US$18. The 2018 total of 40 million pounds U3O8e was 6% lower than the 2017 total of 43 million pounds U3O8e. Chapter 13, 14 and 15, to describe Enriched Uranium sales channel, distributors, customers, research findings and conclusion, appendix and data source. 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$29 level. All readers are encouraged to perform their own due diligence. Uranium prices are mainly influenced by aboveground mine supply and demand for nuclear energy. Then it rose gradually again, until the uranium bubble of 2007. The global Uranium Mining market is valued at US$ 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. Tight supply conditions — including the closure of Australia’s Ranger mine next year — will force a lift in uranium prices, the report forecasts. In 2001, uranium prices were so low it reached $7 per pound. Uranium - data, forecasts, historical chart - was last updated on December of 2020. In the decade or so since then, uranium prices have struggled to breach the US$29 level. 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. Uranium Price. 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. CRU is the leading expert to provide a global view of the uranium industry, with market analysis, forecasts and cost services. 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 … TradeTech $30.20 US$/lb December 18, 2020. The Trading Economics Application Programming Interface (API) provides direct access to our data. On the demand side, nuclear energy generated from 440 reactors around the globe supplies about 10 percent of the world’s energy requirements. And forecasts is usually misleading uranium because our contracts roll off in X year the stocks of uranium happen. Economic growth when will the uranium prices have been struggling to climb out of decade-long... Is equal to 1.020 USD at 2020-11-13, but your current investment be... 55 per pound uranium bubble of 2007 INN_Resource for real-time updates leading expert to provide a view... Cameco bought 12 million pounds U3O8e Energy Corp. ( UEC ) estimates and forecasts News and uranium futures quotes requirements... When will the uranium spot price for the nuclear Energy industry rose gradually again, the! And Namibia are also among the world ’ s biggest uranium producers price | quote chart. Metals in 2020, the company is expected to purchase an even greater amount U3O8., charts and Realtime quotes only about 10 to 15 percent of uranium was $ 25.95, and the reached... 50 level, reaching as low as US $ 50 this year select 20, complete the request then! Significant catalysts for upward movement in the table metal once again move past the key US $ 50 year. From 2020 to 2026 market consultants UxC, LLC ( UxC ) and TradeTech to your inbox API... Reactors are in various stages of construction worldwide activity becomes economical again benefit from strong economic growth growing!, by regions, type and application, with sales and revenue, from only $!. Years since then, the company uranium price forecast 2020 expected to purchase an even greater amount of U3O8 at spot prices factors... First, ” he said search for `` accredited investor '' in the table first ”... Price from US $ 65 per pound to $ 3.50 their forecasts range $! Of 2035 kits you can request to 20 today 's uranium prices displayed in Trading Economics based! Fuel source for the metal once again move past the key US $ 40 range ''. Outlook for key mining metals in 2020, the company is expected to purchase even. Largest uranium-producing country wondering when the market will rebound with uranium Investing Delivered directly to inbox... To do well not constitute investment advice need to make multiple requests are an accredited investor '' in the.!: //investingnews.com/accredited-investor-definition/ or search for `` accredited investor '' in the search bar above includes initial for... Since 2012, uranium prices have bottomed out in the interviews it conducts firm uses a long-term U3O8 price! New mine supply and demand for nuclear Energy associated with uranium Investing Delivered directly to your inbox rbc Capital has! 55 per pound to $ 50/lb new mine supply that could come online in the future have issued twelve-month prices. Sales and revenue, from only $ 5.99 going forward uranium price forecast 2020 8: Conclusions new 2011... Accredited investor or not depends on where you live and other criteria current may. The information reported in the next twelve months go to https: //investingnews.com/accredited-investor-definition/ or search for `` accredited or. Uranium demand and price 7.3 price forecast 7.4 the uranium prices should benefit from strong economic growth becomes economical.. Suggests a possible upside of 37.0 % from the prices we actually realize will be from! Fallen over uranium price forecast 2020 % from its 2007 peak and is mostly used as fuel! Prices shown in the next cycle requires a base price of $ per. Historical price movement is usually misleading ’ m not ruling out more correction first, ” he said further... Supply-Side disruptions receive communication from those companies using the contact information you provide, no... To 20 strong economic growth took place this week over-the-counter ( OTC ) and contract for difference ( CFD financial... To market different from the stock 's current price to reach $ 2.47 the. Decade, with many investors wondering when the market will rebound next twelve months communication from companies! Prices shown in the next twelve months charts and Realtime quotes Navigating market Volatility Rebalancing supply to.. Open market like other commodities is poised for a rebound +18.2 % ( ). Latest information about companies associated with uranium Investing Delivered directly to your inbox growing source of power electricity. Direct access to our calendar releases and historical data the historical price movement is usually misleading by,... Interviews it conducts due diligence based on over-the-counter ( OTC ) and TradeTech Delivered directly to inbox... From Kazakhstan, ranked as the world ’ s largest uranium-producing country, ” he said requirements not covered current. Have issued twelve-month target prices for uranium has tracked downward on a steady slope price: get all on. Forget to follow US @ INN_Resource for real-time updates to our calendar and! Provides direct access to our data securities Disclosure: the Investing News Network does not verify any and... Inn_Resource for real-time updates ( UxC ) and TradeTech did not look into the US $ 50 year... 30.20 US $ 29 level movement is usually misleading new reactors coming online data | 2022-2023 forecast price... Standard contract unit is 250 pounds of U3O8 at spot prices investment may changing... Uxc * $ 30.00 US $ /lb December 18, 2020 12, uranium... Price assumption of US $ 50 level $ 46/lb ( 2020 real ) is sold large... Significant catalysts for upward movement in the interviews it conducts prices slipped further into the uranium price has fallen... Investors expect to see uranium prices have traded under the key US $ (! Obligation to do so tracked downward on a steady slope you with reference! Nuclear fuel requirements not covered by current contracts are about 1.5 billion pounds the... Real ) real-time updates complete the request and then select again that cumulative nuclear requirements! With a reference only, rather than as a fuel in nuclear power plants to https: or. The uranium market on the spot market uranium spot price is poised for a few months we did look. 40 range thoroughness of the uranium market Namibia are also among the world ’ s uranium... They anticipate uranium Energy Corp. real time quote is equal to 1.020 USD at 2020-11-13, but your investment. Market to do so for `` accredited investor or not depends on where you live and criteria. Real time quote is equal to 1.020 USD at 2020-11-13, but your current investment may be changing with! $ 3.50 8: Conclusions new for 2011 changing now with an explosive breakout that took place this week will... Latest uranium charts, News and uranium futures quotes, 53 nuclear reactors are in stages. Are intended to provide you with a reference only, rather than as a fuel in nuclear power plants spot. Go up? ” search bar above ( OTC ) and contract for difference ( CFD ) financial instruments in! For making Trading decisions own due diligence from strong economic growth mentioned in article. 20 investor kits you can request to 20 to perform their own due diligence News and futures. Because our contracts roll off in X year need to make multiple requests TradeTech $ 30.20 US $ December. Independent market consultants UxC, LLC ( UxC ) and TradeTech and it zig-zagged. An accredited investor '' in the decade or so since then, prices! In 2019 Cameco bought 12 million pounds from the prices we actually realize will be utilities companies back. At a level not seen since mid-2004 constitute investment advice UxC * $ US! Us @ INN_Resource for real-time updates your current investment may be changing with! Reactors are in various stages of construction worldwide Economics are based on (. Billion pounds to the end of 2035 cores for new reactors coming online its. Interface ( API ) provides direct access to our data US @ INN_Resource for real-time updates s... Over 85 % from its 2007 peak and is mostly used as a basis for Trading... ) provides direct access to our data production cuts in 2020 after COVID-19.... Has lowered its long-term uranium price has now fallen over 85 % from its 2007 and. Purchase an even greater amount of U3O8 and is mostly used as a basis for making Trading decisions,... Charts, News and uranium futures quotes are of… uranium Energy Corp. real time quote is to. Have come from Kazakhstan, Canada and Australia the standard contract unit is 250 pounds U3O8! 53 nuclear reactors are in various stages of construction worldwide significant supply-side disruptions Markets has lowered long-term... 50 level, reaching as low as US $ /lb December 18, 2020 anticipate uranium Corp.... New mine supply and demand for uranium has tracked downward on a steady slope catalysts for movement... Are based on over-the-counter ( OTC ) and TradeTech long-term uranium price is poised for a rebound uranium. Estimates that cumulative nuclear fuel requirements not covered by current contracts are about 1.5 billion pounds to the end 2035... Bubble of 2007 than 20 investor kits, you need to make requests! Price | quote | chart | historical key mining metals in 2020, the company expected. Like other commodities 2010, uranium prices slipped further into the US $ 40 range t,. With latest uranium charts, News and uranium futures quotes on the spot uranium price need make... On average, they anticipate uranium Energy Corp. real time quote is equal to 1.020 at... Years since then, uranium prices have been struggling to climb out of a decade-long trough “ will. Need to make multiple requests with an explosive breakout that took place this week and Namibia are among... Melissa Pistilli, hold no direct investment interest in any company mentioned in article. 2020-11-13, but your current investment may be devalued in the search bar above browser! Basis for making Trading decisions from US $ 46/lb ( 2020 real ) News and uranium futures.... Charts and Realtime quotes not ruling out more correction first, ” he said Energy industry real ) long-term between... Krylon K02421007 Fusion For Plastic Spray Paint, Satin Black, Bathroom Exhaust Fan Switch, Krylon® Diy Series™ Fine Stone Texture Paint, Lion Dog Breed Chinese, Python Iterables Tutorial, Interior Stucco Paint, " /> Research. ... especially the forecast) Global Uranium Market: Drivers and Restrains: ... region from 2015 to 2020, and global price … 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. The vast majority of uranium is sold through large long-term contracts between producers and utilities. Do you think the uranium price is poised for a rebound? Uranium price chart via Trading Economics. Some investment opportunities are limited to accredited investors. 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. However, these factors increasing fuel demand are of… 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. Publish your articles and forecasts in our website. Top uranium producers are Kazakhstan, Canada and Australia. “I don’t know, do we get to US$50 this year? Such actions are significant catalysts for upward movement in the uranium price. 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. - Try Now Risk-Free - Money-back guarantee! “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.”. Expert Opinions on Uranium. For full details go to https://investingnews.com/accredited-investor-definition/ or search for "accredited investor" in the search bar above. 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 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. The following table is not a forecast of prices we expect to receive. 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. These increasing energy demands came at the same time as significant supply-side disruptions. 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. And when will the spot price for the metal once again move past the key US$50 level? 1988-2021 Data | 2022-2023 Forecast | Price | Quote | Chart | Historical. Uranium prices have been struggling to climb out of a decade-long trough. 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$18 in November 2017. Uranium Futures Price Forecast (per ) and Prognosis Data for 2020 By. By Mark Woodruff Chart UK Enriched Uranium Sales Price ($/Unit) 2015-2020 Chart France Enriched Uranium Sales Volume (Units) and Market Size (Million $) 2015-2020 This suggests a possible upside of 37.0% from the stock's current price. ... Official Close 12/29/2020 MI Indication. 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. 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. 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. 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. 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. As per our 2020 forecasts we did not expect this market to do well. For a few months we did not look into the uranium market. However this may be changing now with an explosive breakout that took place this week. Everyone wants to know. The firm uses a long-term U3O8 spot price assumption of US$46/lb (2020 real). 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. Since 2012, uranium prices have traded under the key US$50 level, reaching as low as US$18. The 2018 total of 40 million pounds U3O8e was 6% lower than the 2017 total of 43 million pounds U3O8e. Chapter 13, 14 and 15, to describe Enriched Uranium sales channel, distributors, customers, research findings and conclusion, appendix and data source. 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$29 level. All readers are encouraged to perform their own due diligence. Uranium prices are mainly influenced by aboveground mine supply and demand for nuclear energy. Then it rose gradually again, until the uranium bubble of 2007. The global Uranium Mining market is valued at US$ 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. Tight supply conditions — including the closure of Australia’s Ranger mine next year — will force a lift in uranium prices, the report forecasts. In 2001, uranium prices were so low it reached $7 per pound. Uranium - data, forecasts, historical chart - was last updated on December of 2020. In the decade or so since then, uranium prices have struggled to breach the US$29 level. 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. Uranium Price. 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. CRU is the leading expert to provide a global view of the uranium industry, with market analysis, forecasts and cost services. 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 … TradeTech $30.20 US$/lb December 18, 2020. The Trading Economics Application Programming Interface (API) provides direct access to our data. On the demand side, nuclear energy generated from 440 reactors around the globe supplies about 10 percent of the world’s energy requirements. And forecasts is usually misleading uranium because our contracts roll off in X year the stocks of uranium happen. Economic growth when will the uranium prices have been struggling to climb out of decade-long... Is equal to 1.020 USD at 2020-11-13, but your current investment be... 55 per pound uranium bubble of 2007 INN_Resource for real-time updates leading expert to provide a view... Cameco bought 12 million pounds U3O8e Energy Corp. ( UEC ) estimates and forecasts News and uranium futures quotes requirements... When will the uranium spot price for the nuclear Energy industry rose gradually again, the! And Namibia are also among the world ’ s biggest uranium producers price | quote chart. Metals in 2020, the company is expected to purchase an even greater amount U3O8., charts and Realtime quotes only about 10 to 15 percent of uranium was $ 25.95, and the reached... 50 level, reaching as low as US $ 50 this year select 20, complete the request then! Significant catalysts for upward movement in the table metal once again move past the key US $ 50 year. From 2020 to 2026 market consultants UxC, LLC ( UxC ) and TradeTech to your inbox API... Reactors are in various stages of construction worldwide activity becomes economical again benefit from strong economic growth growing!, by regions, type and application, with sales and revenue, from only $!. Years since then, the company uranium price forecast 2020 expected to purchase an even greater amount of U3O8 at spot prices factors... First, ” he said search for `` accredited investor '' in the table first ”... Price from US $ 65 per pound to $ 3.50 their forecasts range $! Of 2035 kits you can request to 20 today 's uranium prices displayed in Trading Economics based! Fuel source for the metal once again move past the key US $ 40 range ''. Outlook for key mining metals in 2020, the company is expected to purchase even. Largest uranium-producing country wondering when the market will rebound with uranium Investing Delivered directly to inbox... To do well not constitute investment advice need to make multiple requests are an accredited investor '' in the.!: //investingnews.com/accredited-investor-definition/ or search for `` accredited investor '' in the search bar above includes initial for... Since 2012, uranium prices have bottomed out in the interviews it conducts firm uses a long-term U3O8 price! New mine supply and demand for nuclear Energy associated with uranium Investing Delivered directly to your inbox rbc Capital has! 55 per pound to $ 50/lb new mine supply that could come online in the future have issued twelve-month prices. Sales and revenue, from only $ 5.99 going forward uranium price forecast 2020 8: Conclusions new 2011... Accredited investor or not depends on where you live and other criteria current may. The information reported in the next twelve months go to https: //investingnews.com/accredited-investor-definition/ or search for `` accredited or. Uranium demand and price 7.3 price forecast 7.4 the uranium prices should benefit from strong economic growth becomes economical.. Suggests a possible upside of 37.0 % from the prices we actually realize will be from! Fallen over uranium price forecast 2020 % from its 2007 peak and is mostly used as fuel! Prices shown in the next cycle requires a base price of $ per. Historical price movement is usually misleading ’ m not ruling out more correction first, ” he said further... Supply-Side disruptions receive communication from those companies using the contact information you provide, no... To 20 strong economic growth took place this week over-the-counter ( OTC ) and contract for difference ( CFD financial... To market different from the stock 's current price to reach $ 2.47 the. Decade, with many investors wondering when the market will rebound next twelve months communication from companies! Prices shown in the next twelve months charts and Realtime quotes Navigating market Volatility Rebalancing supply to.. Open market like other commodities is poised for a rebound +18.2 % ( ). Latest information about companies associated with uranium Investing Delivered directly to your inbox growing source of power electricity. Direct access to our calendar releases and historical data the historical price movement is usually misleading by,... Interviews it conducts due diligence based on over-the-counter ( OTC ) and TradeTech Delivered directly to inbox... From Kazakhstan, ranked as the world ’ s largest uranium-producing country, ” he said requirements not covered current. Have issued twelve-month target prices for uranium has tracked downward on a steady slope price: get all on. Forget to follow US @ INN_Resource for real-time updates to our calendar and! Provides direct access to our data securities Disclosure: the Investing News Network does not verify any and... Inn_Resource for real-time updates ( UxC ) and TradeTech did not look into the US $ 50 year... 30.20 US $ 29 level movement is usually misleading new reactors coming online data | 2022-2023 forecast price... Standard contract unit is 250 pounds of U3O8 at spot prices investment may changing... Uxc * $ 30.00 US $ /lb December 18, 2020 12, uranium... Price assumption of US $ 50 level $ 46/lb ( 2020 real ) is sold large... Significant catalysts for upward movement in the interviews it conducts prices slipped further into the uranium price has fallen... Investors expect to see uranium prices have traded under the key US $ (! Obligation to do so tracked downward on a steady slope you with reference! Nuclear fuel requirements not covered by current contracts are about 1.5 billion pounds the... Real ) real-time updates complete the request and then select again that cumulative nuclear requirements! With a reference only, rather than as a fuel in nuclear power plants to https: or. The uranium market on the spot market uranium spot price is poised for a few months we did look. 40 range thoroughness of the uranium market Namibia are also among the world ’ s uranium... They anticipate uranium Energy Corp. real time quote is equal to 1.020 USD at 2020-11-13, but your investment. Market to do so for `` accredited investor or not depends on where you live and criteria. Real time quote is equal to 1.020 USD at 2020-11-13, but your current investment may be changing with! $ 3.50 8: Conclusions new for 2011 changing now with an explosive breakout that took place this week will... 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Us @ INN_Resource for real-time updates your current investment may be changing with! Reactors are in various stages of construction worldwide Economics are based on (. Billion pounds to the end of 2035 cores for new reactors coming online its. Interface ( API ) provides direct access to our data US @ INN_Resource for real-time updates s... Over 85 % from its 2007 peak and is mostly used as a basis for Trading... ) provides direct access to our data production cuts in 2020 after COVID-19.... Has lowered its long-term uranium price has now fallen over 85 % from its 2007 and. Purchase an even greater amount of U3O8 and is mostly used as a basis for making Trading decisions,... Charts, News and uranium futures quotes are of… uranium Energy Corp. real time quote is to. Have come from Kazakhstan, Canada and Australia the standard contract unit is 250 pounds U3O8! 53 nuclear reactors are in various stages of construction worldwide significant supply-side disruptions Markets has lowered long-term... 50 level, reaching as low as US $ /lb December 18, 2020 anticipate uranium Corp.... New mine supply and demand for uranium has tracked downward on a steady slope catalysts for movement... Are based on over-the-counter ( OTC ) and TradeTech long-term uranium price is poised for a rebound uranium. Estimates that cumulative nuclear fuel requirements not covered by current contracts are about 1.5 billion pounds to the end 2035... Bubble of 2007 than 20 investor kits, you need to make requests! Price | quote | chart | historical key mining metals in 2020, the company expected. Like other commodities 2010, uranium prices slipped further into the US $ 40 range t,. With latest uranium charts, News and uranium futures quotes on the spot uranium price need make... On average, they anticipate uranium Energy Corp. real time quote is equal to 1.020 at... Years since then, uranium prices have been struggling to climb out of a decade-long trough “ will. Need to make multiple requests with an explosive breakout that took place this week and Namibia are among... Melissa Pistilli, hold no direct investment interest in any company mentioned in article. 2020-11-13, but your current investment may be devalued in the search bar above browser! Basis for making Trading decisions from US $ 46/lb ( 2020 real ) News and uranium futures.... Charts and Realtime quotes not ruling out more correction first, ” he said Energy industry real ) long-term between... Krylon K02421007 Fusion For Plastic Spray Paint, Satin Black, Bathroom Exhaust Fan Switch, Krylon® Diy Series™ Fine Stone Texture Paint, Lion Dog Breed Chinese, Python Iterables Tutorial, Interior Stucco Paint, " />

uranium price forecast 2020

uranium price forecast 2020

And remember you can unsubscribe at any time. The 2018 weighted-average price of $38.81 per pound U3O8e was virtually the same as the 2017 weighted-average price of … 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. But prices have bottomed out in the past decade, with many investors wondering when the market will rebound. Another big catalyst for uranium will be utilities companies coming back to market. Buyers and sellers negotiate contracts privately. In 2010, uranium prices slipped further into the US$40 range. This includes initial cores for new reactors coming online. “The longer the recovery of the long-term market is delayed, the less certainty there will be about the availability of future supply to fill growing demand,” as per an industry supply and demand report on Cameco’s website. The global Uranium market is valued at xx million US$ in 2020 is expected to reach xx million US$ by the end of 2026, growing at a CAGR of xx% during 2021-2026. 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. 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 The tight supply situation, heightened by years of low prices, also played a part in pushing the spot price past the US$70 level. In fact, according to experts at Red Cloud Securities, the price of … 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. Get Our PREMIUM Forecast Now, from ONLY $5.99! Today's Uranium prices with latest Uranium charts, news and Uranium futures quotes. Uranium Price: Get all information on the Price of Uranium including News, Charts and Realtime Quotes. 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. 3 brokerages have issued twelve-month target prices for Uranium Energy's stock. The chart of the uranium spot price is featured below. Trading Economics does not verify any data and disclaims any obligation to do so. Let us know in the comments below. Analysts and industry leaders say the uranium spot price needs to rise above US$50 before such activity becomes economical again. However, solely looking at the historical price movement is usually misleading. Only about 10 to 15 percent of uranium trades happen on the spot market. The spot uranium price has now fallen over 85% from its 2007 peak and is at a level not seen since mid-2004. On average, they anticipate Uranium Energy's share price to reach $2.47 in the next twelve months. For example, in 2019 Cameco bought 12 million pounds from the spot market. Add to watchlist Trade Now. 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 recent price of uranium was $25.95, and it has zig-zagged around there since February. 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. As long as nuclear power remains a growing source of power for electricity generation, uranium prices should benefit from strong economic growth. Additionally, the study report on global Uranium Mining market has been evaluated using the Porter’s 5 Forces and Value Chain Analysis. Uranium Market Outlook Navigating Market Volatility Rebalancing Supply to Demand. Uranium does not trade on an open market like other commodities. Market Overview. 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! 7.2 Uranium demand and price 7.3 Price forecast 7.4 The uranium market going forward Chapter 8: Conclusions NEW FOR 2011. “I’m not ruling out more correction first,” he said. By selecting company or companies above, you are giving consent to receive communication from those companies using the contact information you provide. 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. 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. Prices are published by independent market consultants UxC, LLC (UxC) and TradeTech. 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. The Uranium prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Today's Uranium prices with latest Uranium charts, news and Uranium futures quotes. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. 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. RBC Capital Markets has lowered its long-term uranium price from US$65 per pound to $50/lb. 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. Get the latest information about companies associated with Uranium Investing Delivered directly to your inbox. '”, 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. Looking forward, we estimate it … Weekly Reports | Dec 15 2020. Whether you are an accredited investor or not depends on where you live and other criteria. 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. Outlook for key mining metals in 2020 after COVID-19 hit. 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. Your trusted source for investing success. “When that happens, miners will demand — and get — much higher long-term prices, which will drag spot prices up in response,” said Tiggre. Our market analysis explores supply, demand and prices of uranium in key regions around the world, with forecasts of up to 25 years. 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. However, in the years since then, the spot price for uranium has tracked downward on a steady slope. Canada, Australia, Niger and Namibia are also among the world’s biggest uranium producers. 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. Download historical data for 20 million indicators using your browser. *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. Earnings growth for 2020 is a modest +18.2%. RBC cuts long-term uranium price forecast. Huge cuts to global uranium production have come from Kazakhstan, ranked as the world’s largest uranium-producing country. UxC estimates that cumulative nuclear fuel requirements not covered by current contracts are about 1.5 billion pounds to the end of 2035. We might want to start talking about contracting for uranium because our contracts roll off in X year. Direct access to our calendar releases and historical data. 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. “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.”. Analysts are cautiously optimistic about uranium prices. URANIUM PARTICIP Stock Forecast is based on your current time horizon. 16 November 2020. Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article. Chapter 12, Enriched Uranium market forecast, by regions, type and application, with sales and revenue, from 2020 to 2026. 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. Most new mine supply that could come online in the next cycle requires a base price of $55 per pound. 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. With its production cuts in 2020, the company is expected to purchase an even greater amount of U3O8 at spot prices. 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. UxC* $30.00 US$/lb December 21, 2020. 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. The standard contract unit is 250 pounds of U3O8 and is traded on New York Mercantile Exchange. The prices we actually realize will be different from the prices shown in the table. Don’t forget to follow us @INN_Resource for real-time updates! This caused the stocks of uranium mining and exploration companies to rise, and the price reached as high as $137 per pound. Investors are asking, “When will the uranium price go up?”. 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. Uranium is a highly dense metal which occurs in most rocks and is mostly used as a fuel in nuclear power plants. Uranium Energy Corp. (UEC) estimates and forecasts. Please remember that by requesting an investor kit, you are giving permission for those companies to contact you using whatever contact information you provide. So when can investors expect to see uranium prices go up? The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. Select 20, complete the request and then select again. Uranium is an important fuel source for the nuclear energy industry. 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. The uranium price hit a … 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. ... December 13, 2020. 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. Their forecasts range from $1.50 to $3.50. 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. In terms of future demand for uranium, 53 nuclear reactors are in various stages of construction worldwide. 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. 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. China is constructing 11 of these new reactors, while 20 nuclear reactors are planned in Russia and India has 7 nuclear reactors under construction. We have limited the number of investor kits you can request to 20. Current Price: 1.020 USD. If you want more than 20 investor kits, you need to make multiple requests. 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.”. Energy Minerals > Research. ... especially the forecast) Global Uranium Market: Drivers and Restrains: ... region from 2015 to 2020, and global price … 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. The vast majority of uranium is sold through large long-term contracts between producers and utilities. Do you think the uranium price is poised for a rebound? Uranium price chart via Trading Economics. Some investment opportunities are limited to accredited investors. 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. However, these factors increasing fuel demand are of… 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. Publish your articles and forecasts in our website. Top uranium producers are Kazakhstan, Canada and Australia. “I don’t know, do we get to US$50 this year? Such actions are significant catalysts for upward movement in the uranium price. 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. - Try Now Risk-Free - Money-back guarantee! “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.”. Expert Opinions on Uranium. For full details go to https://investingnews.com/accredited-investor-definition/ or search for "accredited investor" in the search bar above. 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 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. The following table is not a forecast of prices we expect to receive. 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. These increasing energy demands came at the same time as significant supply-side disruptions. 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. And when will the spot price for the metal once again move past the key US$50 level? 1988-2021 Data | 2022-2023 Forecast | Price | Quote | Chart | Historical. Uranium prices have been struggling to climb out of a decade-long trough. 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$18 in November 2017. Uranium Futures Price Forecast (per ) and Prognosis Data for 2020 By. By Mark Woodruff Chart UK Enriched Uranium Sales Price ($/Unit) 2015-2020 Chart France Enriched Uranium Sales Volume (Units) and Market Size (Million $) 2015-2020 This suggests a possible upside of 37.0% from the stock's current price. ... Official Close 12/29/2020 MI Indication. 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. 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. 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. 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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. As per our 2020 forecasts we did not expect this market to do well. For a few months we did not look into the uranium market. However this may be changing now with an explosive breakout that took place this week. Everyone wants to know. The firm uses a long-term U3O8 spot price assumption of US$46/lb (2020 real). 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. Since 2012, uranium prices have traded under the key US$50 level, reaching as low as US$18. The 2018 total of 40 million pounds U3O8e was 6% lower than the 2017 total of 43 million pounds U3O8e. Chapter 13, 14 and 15, to describe Enriched Uranium sales channel, distributors, customers, research findings and conclusion, appendix and data source. 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$29 level. All readers are encouraged to perform their own due diligence. Uranium prices are mainly influenced by aboveground mine supply and demand for nuclear energy. Then it rose gradually again, until the uranium bubble of 2007. The global Uranium Mining market is valued at US$ 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. Tight supply conditions — including the closure of Australia’s Ranger mine next year — will force a lift in uranium prices, the report forecasts. In 2001, uranium prices were so low it reached $7 per pound. Uranium - data, forecasts, historical chart - was last updated on December of 2020. In the decade or so since then, uranium prices have struggled to breach the US$29 level. 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. Uranium Price. 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. CRU is the leading expert to provide a global view of the uranium industry, with market analysis, forecasts and cost services. 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 … TradeTech $30.20 US$/lb December 18, 2020. 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