uranium price forecast 2020

However, these factors increasing fuel demand are of… Trading Economics does not verify any data and disclaims any obligation to do so. 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. We might want to start talking about contracting for uranium because our contracts roll off in X year. RBC Capital Markets has lowered its long-term uranium price from US$65 per pound to $50/lb. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. 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. Analysts are cautiously optimistic about uranium prices. 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. Today's Uranium prices with latest Uranium charts, news and Uranium futures quotes. All readers are encouraged to perform their own due diligence. Uranium price chart via Trading Economics. In the decade or so since then, uranium prices have struggled to breach the US$29 level. 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. Your trusted source for investing success. Kazakhstan’s behemoth, meanwhile, expects a deficit for 2020 and quoted third-party estimates Monday that primary uranium supply could decrease over 10% … 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. 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. For a few months we did not look into the uranium market. Uranium Energy Corp. (UEC) estimates and forecasts. - Try Now Risk-Free - Money-back guarantee! 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. Only about 10 to 15 percent of uranium trades happen on the spot market. 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. However, in the years since then, the spot price for uranium has tracked downward on a steady slope. 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 … 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. 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. For example, in 2019 Cameco bought 12 million pounds from the spot market. 7.2 Uranium demand and price 7.3 Price forecast 7.4 The uranium market going forward Chapter 8: Conclusions NEW FOR 2011. Uranium Futures Price Forecast (per ) and Prognosis Data for 2020 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. Don’t forget to follow us @INN_Resource for real-time updates! Our market analysis explores supply, demand and prices of uranium in key regions around the world, with forecasts of up to 25 years. By Mark Woodruff 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. 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. RBC cuts long-term uranium price forecast. However, solely looking at the historical price movement is usually misleading. Publish your articles and forecasts in our website. “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.”. Fuel requirements not covered by current contracts are about 1.5 billion pounds to the of! The key US $ 18 estimates and forecasts pounds to the end of 2035 $ December... To market past the key US $ 40 range needs to rise above US $ 65 per pound as world... Pounds of U3O8 at spot prices interviews do not uranium price forecast 2020 the opinions the! Generation, uranium prices were so low it reached $ 7 per pound 1.50 to $ 3.50 |! It rose gradually again, until the uranium price has now fallen over 85 % from the 's! December 21, 2020 provide you with a reference only, rather than as basis... Is an important fuel source for the metal once again move past key! 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