And an 8 week shut at Olympic Dam pulls another 1M lbs from the U market. This one is unexpected by other market participants and recently announced. Lots of little (and not so little) things adding up to constrain the supply of U3O8.
That's quite a list.
- Cameco C&M
- Langer Heinrich C&M
- Ranger Shut approaching
- Rossing likely to be shut when contracts roll off.
- Japanese reactor restarts (9 so far)
- Chinese reactor start ups (2 in the last two months)
- Kazatomprom production reductions which could be related to sustaining capital under spend and not simply low prices.
- Investment vehicles such as Yellow Cake buying up supply
- BHP with production issues at Olympic Dam
- BKY with permitting delays
- Willow Creek mothballed
Anyone else think the U price might be going nuclear?
Cheers,
Tim.
Uranium One mothball another mine, page-3
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PDN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$8.20 |
Change
0.460(5.94%) |
Mkt cap ! $2.955B | |||
| Open | High | Low | Value | Volume |
| $8.04 | $8.32 | $7.90 | $30.65M | 3.704M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | $8.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.22 | 2649 | 1 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |
