Uranium sector - Newsletter by Ringler Research as of January 29, 2020
Uranium sector - Newsletter by Ringler Research as of January 29, 2020
Page 1: Overview & market comment
Page 2: Uranium sector statistics
Page 3: Overview of all Australian uranium companies in our database
Page 4: Overview of all North American uranium producers and developers in our database
Page 5: Overview of all North American uranium exploration companies in our database
Page 6: Chart Global X Uranium ETF (URA)
Page 7: Chart Cameco Corp (CCJ)
Page 8: Chart Energy Fuels (EFR.TO)
Page 9-12: Interview with the CEO of Skyharbour Resources - Jordan Trimble -
Page 13-14: Interview with the CEO of GoviEx Uranium – Daniel Major -
Page 15-18: Legal Notes, Disclaimer, Imprint
Market comment Ringler Research:
2019was another year of consolidation in the uranium sector. Market participants are still awaiting for a positive ‚Section 232 petition‘ outcome in the United States. American companies (e.g. Energy Fuels, UEC) are hoping for a positive response from the American President to the recommendations of the newly installed working group. The establishment of a strategic uranium stockpiles or the implementation of minimum quotas for the sourcing of domestic uranium used by utility companies would led to positive (at least temporary) change in sentiment in the sector. The year 2019 was also marked by the continuing abstinence from American utility companies on the spot market. The spot price for a pound of uranium fluctuated between $ 24 and $ 29 last year. This price level is far below the required price level that new projects need to be financed or to operate profitable. Industry experts assume that uranium prices between USD 50 and USD 65 per pound are required to expand the supply side by commissioning new mines. According to the 'World Nuclear Association', the demand side will increase from 174m (2018) Pounds to over 220m pounds in 2030, the supply side (from primary mine production) was only 139m pounds uranium in 2018. There market is therefore in an pronounced deficit!
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