Uranium Mining News
Russia sells stakes in some Kazakh uranium deposits to China ...
2 days ago ... Kazakhstan's nuclear resources company Kazatomprom said on Tuesday that Russia's Rosatom was selling its stakes in some uranium deposits ...
Russia takes aim at US nuclear power by throttling uranium ...
3 days ago ... Canada's Cameco Corp., one of the world's biggest uranium miners, said the cumulative risks to the supply of nuclear fuel are significant. "To ...
Iran announces uranium mining after nuclear talks fail | Reuters
Apr 9, 2013 ... Iran opened the Saghand 1 and 2 mines in the central province of Yazd and the Shahid Rezaeinejad yellowcake plant in the town of Ardakan in the ...
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Popular Post
Rick Rule on Uranium: Early means wrong, unless...
Rick Rule on Uranium: Early Means Wrong, Unless...You have a 5-stock portfolio where the worst company goes 22:1In an exclusive Q&A session for Sprott Private Wealth clients, Rick Rule shared his thoughts on the uranium market and explained why speculators shouldn't worry too much about being early.Transcript (edited for readability)Rick: Let's begin with a general discussion of the resource market. Those of you-and I assume that most of the Canadian clients of Sprott have fairly broad backgrounds and resource equities. Those of you who do have that background will understand that these markets are extremely cyclical and extremely volatile. I don't think I need to remind too many of you that the period 2011 through the end of 2015 featured a truly brutal bear markets in natural resource eq...
Palisade's top 3 uranium stock picks for 2017
Why do mining legends Rick Rule, Doug Casey, and Marin Katusa obsess over uranium when it is such a small component of the commodity market?Billionaires Mark Cuban and Robert Friedland have their chips stacked in the trade. Even Hong Kong's richest man Li Ka-shing is making a bet that uranium prices are set for an epic comeback.So what makes uranium so appealing? Let's break it down into five main points.#1 - It Does Not Get More Contrarian2016 has been a strong year for many commodities. The price of vanadium is up 88%, iron ore 86%, even zinc is up a whopping 61%! The Bloomberg Commodity Index, which measures a basket of indexes is up 11%.Yet, uranium, which started the year at $32/lb, fell to nearly $18 per pound by November, 2016. This is despite the fact that demand for uranium is exp...
Uranium up!
Uranium has made a decided move up in the last few sessions. Could this be the start of something big?Perhaps. The Broker Average Price (BAP) of uranium is up 19.3% in the last three days, including a 9% move on Tuesday night that represented the biggest one-day uptick in 2.5 years. The BAP finished today at US$22 per lb. U3O8, up $1.38 per lb. on the day.We quote the BAP when talking daily moves because the spot price is only reported weekly. Its last number came out on Monday at $18.75 per lb. The BAP is calculated from the daily bids and offers as posted by two major uranium market players and it is the only estimate available for daily changes in the spot uranium price.You can see the moves in the BAP in this table of prices, bids, and offers.The moves come off last week's new 12-year...