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If you're new to #Uranium Bull Market 
Tribeca's Guy Keller recently walked #investors thru
the story
beginning today where world's best performing YTD commodity #U3O8 is up 36%
amidst #COVID19 #SupplyShock
while #Nuclear demand remains "relatively stable"
..
Tribeca's Guy Keller recently walked #investors thru the story
beginning today where world's best performing YTD commodity #U3O8 is up 36% amidst #COVID19 #SupplyShock while #Nuclear demand remains "relatively stable"..
2) Lead-up to #Uranium Bull run was 3+ years of supply destruction
including 20% cut for 3yrs by largest #U3O8 miner $KAP & indefinite closure of world's largest U mine, Cameco's McArthur/Key.
#COVID19 has triggered more mine suspensions, cutting >50% of monthly supply...
including 20% cut for 3yrs by largest #U3O8 miner $KAP & indefinite closure of world's largest U mine, Cameco's McArthur/Key. #COVID19 has triggered more mine suspensions, cutting >50% of monthly supply...
3) Supply cuts in other commodities have historically caused large price corrections
needed to trigger production to meet demand. Supply in #uranium is not elastic & price increase is just first hurdle. 
Spot #U3O8 price is up over 80% since 2016 low but more to come. ...
needed to trigger production to meet demand. Supply in #uranium is not elastic & price increase is just first hurdle. Spot #U3O8 price is up over 80% since 2016 low but more to come. ...
4) For over 2 years there've been many "handbrakes" slowing market response to #Uranium supply cuts.. US #Section232 & subsequent #Nuclear Fuel Working Group sent utility buyers to sidelines, then 2020 #COVID19 market crash.. but now those are released & trend has turned up!...
...
5) #COVID19 sent shockwaves thru #Uranium mining sector, leading to indefinite suspension of all production in #Canada, a 17.5% cut in #Kazakhstan & stoppages in #Namibia resulting in over 50% of global monthly #U3O8 production disrupted = 12% global supply destruction ...
= 12% global supply destruction ...
6) Since 2013 there have been a long series of #Uranium mine supply cuts & #U3O8 mines placed into long term Care & Maintenance. To bring production back will require U prices in excess of US$45/lb at a minimum, plus significant Capital
& signed long-term contracts
...
To bring production back will require U prices in excess of US$45/lb at a minimum, plus significant Capital & signed long-term contracts...
7) 2019 Global #Uranium production was close to 135M lbs #U3O8 (vs #Nuclear fuel requirement of nearly 200M lbs) but #COVID19 #SupplyShock is cutting 2020 production estimate to 110M lbs deepening deficit heading to 2 permanent mine closures in 2021, Ranger & Cominak.
...
is cutting 2020 production estimate to 110M lbs deepening deficit heading to 2 permanent mine closures in 2021, Ranger & Cominak. ...
8) In 2019 the World #Nuclear Association, for first time in 10 years, modelled #Uranium demand increases in all 3 of its #U3O8 demand scenarios to 2040.
Today there are 450 reactors in operation, 54 more under construction, 111/328 more planned/proposed = Growth story.
...
Today there are 450 reactors in operation, 54 more under construction, 111/328 more planned/proposed = Growth story....
9) With 2020 #uranium production at 110M lbs, #nuclear demand near 200M lbs, utilities have been depleting inventory for many years & must now begin a restocking cycle
to cover future fuel needs & replenish stockpiles simultaneous with demand from new reactors = #SupplyRisk..
to cover future fuel needs & replenish stockpiles simultaneous with demand from new reactors = #SupplyRisk..
10) #China is leading #Nuclear growth & #Uranium demand, aided by rising global #CarbonFree #electricity demand in an age of #ClimateChange & #ExtremeWeather.
Renewables "fantasy" has failed miserably, making Nuclear best #CarbonFree tool in global #CleanEnergy tool box 
...
Renewables "fantasy" has failed miserably, making Nuclear best #CarbonFree tool in global #CleanEnergy tool box ...
& U3O8 Bull Market is underway
