A cooler uranium market means dealmaking for miners

The uranium price has run up so quickly that one might confuse this mildly poisonous metal with a semi-precious one. Yellowcake, the uranium oxide required to produce nuclear fuel, has nearly tripled in value to about $84 per pound in just three years. Listed uranium miners have enjoyed plenty of investor attention, who increasingly see the virtue of nuclear power as a low-carbon source of electricity.

By January the price at $105 far exceeded the top of the cost curve at $75, points out Tom Price at Liberum. He thinks both producers are trying to increase production as a result. Neither Paladin nor Fission have made any profits yet. From this year things will change. Paladin should turn free cash flow positive from next year . This marks a good time to take on Fission’s Patterson Lake South project in Alberta.

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The best money-saving energy tariff for those who use more energy at nightBillpayers could save themselves a significant amount of cash throughout the night with one particular tariff
Source: MENnewsdesk - 🏆 23. / 69 Read more »

Energy supplier complaints: EDF and Utilita energy ranked worst for customer service by Citizens Advice🔍 Citizens Advice has revealed shocking customer service ratings in its latest energy supplier report 😡
Source: LeedsNews - 🏆 48. / 63 Read more »

Banstead: Renewable energy centre aims to encourage green techThe SME Energy Centre aims to change the 'negative narrative about renewable energy'.
Source: BBCScienceNews - 🏆 87. / 53 Read more »

What is Labour’s Great British Energy plan and will it mean cheaper bills?Labour says it plans to cut energy bills by £300 by investing in renewable energy
Source: i newspaper - 🏆 8. / 89 Read more »

Rising Star Octopus Energy Signs Energy Storage DealGresham House Energy Storage Fund has announced a landmark agreement with Octopus Energy, one of the UK's largest andfastest-growing energy suppliers.
Source: OilandEnergy - 🏆 34. / 68 Read more »

Octopus Energy to pay customers to use their ovens in 'world first' energy dealThe energy firm said its new Agile tariff policy will pay customers to switch on appliances - but there's a catch.
Source: Daily_Record - 🏆 9. / 89 Read more »