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#Uranium Market Update in a nutshell
#U3O8 continues to be a best performing commodity of 2020, up 25% YTD, up 69% from its bottom in November 2016.
#Nuclear power growth remains robust 
Demand at 182M lbs/yr & rising, Supply deficit ~60M lbs, -317M lbs by 2026
#U3O8 continues to be a best performing commodity of 2020, up 25% YTD, up 69% from its bottom in November 2016. #Nuclear power growth remains robust Demand at 182M lbs/yr & rising, Supply deficit ~60M lbs, -317M lbs by 2026
#Uranium has strong #bullish outlook 
#Nuclear utility contracting has been below normal for past 8 yrs. Re-stocking cycle overdue with growing uncovered demand & delayed Long-term contracting since 2012.
#Nuclear utility contracting has been below normal for past 8 yrs. Re-stocking cycle overdue with growing uncovered demand & delayed Long-term contracting since 2012.
With such strong #Uranium supply/demand fundamentals, why is #U3O8 market rebalance taking so long? 
Trade Issues, Russian Suspension Agreement, #COVID19 have sidelined #nuclear utilities BUT trade issues nearing resolution, utilities getting back to work, #China going all-in
Trade Issues, Russian Suspension Agreement, #COVID19 have sidelined #nuclear utilities BUT trade issues nearing resolution, utilities getting back to work, #China going all-in
Secondary Supplies have been holding back #Uranium price response.
But inventory drawdown has accelerated, #Japan restarts coming, Kazatomprom has abandoned Spot #U3O8 market sales, Carry trades harder to execute. #Nuclear getting #CarbonFree #GreenEnergy & #SMR boost.
But inventory drawdown has accelerated, #Japan restarts coming, Kazatomprom has abandoned Spot #U3O8 market sales, Carry trades harder to execute. #Nuclear getting #CarbonFree #GreenEnergy & #SMR boost.
With #Uranium mines shutting down in #Niger & #Australia next year, while #Nuclear fuel demand rises 
there is a growing "Market Appetite" for new #U3O8 mines to fill supply gap. But, U price too low to stimulate new production... needs to double to bring new mines online
there is a growing "Market Appetite" for new #U3O8 mines to fill supply gap. But, U price too low to stimulate new production... needs to double to bring new mines online
