Trump order boosts nuclear energy but kinks remain
Nuclear energy’s comeback from the doldrums after the Fukushima disaster of 2011 is riding a solid spot price wave and also potential traction from a Trump administration bid to re-classify…
Kazatomprom
Uranium price falls as DeepSeek disrupts tech
Chinese artificial intelligence company DeepSeek is making a splash in the tech world with downloads surpassing ChatGPT’s, pushing major tech stocks down, while prices of uranium – which could help…
Cameco resumes production at Inkai JV in Kazakhstan
Inkai LLP had to temporarily suspend its production activity since 1 January due to absence of required approvals.
Cameco ‘surprised’ by Kazakh foulup suspending Inkai JV uranium output
Cameco’s (TSX: CCO; NYSE: CCJ) Inkai joint venture project in Kazakhstan has suspended uranium production because of a bureaucratic holdup, the Canadian producer said Thursday. The in-situ recovery JV, in…
Uranium price to recover next year on shortage, Trump policy, Sprott CEO says
The price of uranium will rebound from its lowest level in a year as supply shortages, nuclear energy’s promise for clean energy and president-elect Donald Trump’s America-first security stance provide…
Kazatomprom hikes outlook after higher uranium production so far this year
The world’s top producer boosted production 6% year-on-year in the first half of the year.
Top uranium producer Kazakhstan hikes tax
Kazakhstan, the world’s largest producer of uranium, is increasing its mining tax on the nuclear fuel by at least 50% next year. The central-Asian country is to raise the rate…
Investors should heed growing supply after uranium’s recent runup
Uranium prices surged from just over US$50 per lb. in April 2023 to more than US$100 per lb. by January 2024. Since then, there has been a moderate pull-back; uranium…
Kazatomprom uranium sales lag behind production
The world’s top uranium producer, Kazatomprom (LSE: KAP), reported a 10% increase in production in its first quarter results, while sales were down by more than a half compared to…
Cameco shares drop on ‘disappointing’ first quarter loss
Cameco (TSX: CCO; NYSE: CCJ) shares fell 7% Tuesday after first quarter results showed net losses of $7 million. The uranium major’s adjusted net earnings fell 51% to $56 million, a…
Energy Fuels aims to double uranium output
The company is preparing additional mines in Colorado and Wyoming for expected production within one year.
Why uranium above US$100 per lb. is ‘sustainable’ — and likely headed higher
Mining analyst David Talbot began covering the uranium sector in June 2007 – the same month uranium prices reached their all-time high of US$136 per lb., then rapidly retreated. Prices…