Seeking Alpha reviewers have summarized recent activity (late 2018):
- The uranium price has recently gone from $20 to $29 a pound,
- Japanese nuclear plants are coming back online,
- Many new nuclear plants planned in China, India, and elsewhere,
- The US government is going to promote local production. 232 investigation nearly completed. Quick executive action expected.
Uranium Energy Corporation is ready to take advantage of the new situation in the uranium market. Last year, it was cryptocurrencies, this year it is marijuana, and next year it is going to be uranium. The price of uranium is going to explode. It has already recently gone from $20 to $29 a pound. Hopefully, this does not mean nuclear bombs are going to be exploding, but the fact is that Japan is finally putting many more nuclear plants back online after the Fukushima incident. Nine reactors have restarted as opposed to five last year (Source - UEC Presentation 2018). Two are under construction, twenty-six have applied for restart, and twelve reactors are planned and proposed. A large number of new nuclear plants are planned for China (179) and India (42). Even Saudi Arabia is planning on going nuclear.
The US government has finally realized that for 2018, less than 2 (two) percent of national uranium consumption is supplied by American companies. In 2017, less than 5% of US annual demand, which is 50 Mlbs, was produced in the US. In fact, the American uranium industry over the last twenty years has practically been wiped out due to agreements with Russia regarding the disposal of nuclear warheads and the policy of Kazakhstan aimed at gaining a larger market share of the global uranium market. This government-owned company produced ever larger amounts of uranium with the purpose of eliminating competition and succeeded in gaining 40% of the market. The problem with this policy was that reserves were deleted, and now the newly privatized uranium company is going to float an IPO in London, probably in January, in order to raise money for exploration. This is a new development.
Original URL was working: https://seekingalpha.com/article/4222080-uranium-exploding
Managed & Built by I2M Consulting, LLC | © 2010-
