As per our 2020 forecasts we did not expect this market to do well. Uranium Market Outlook Navigating Market Volatility Rebalancing Supply to Demand. Driven by rising demand and massive supply disruptions, uranium prices shot up in 2007 from US$72 per pound at the start of the year to an all-time high of US$136.22 by early June. Additionally, the study report on global Uranium Mining market has been evaluated using the Porter’s 5 Forces and Value Chain Analysis. Uranium - data, forecasts, historical chart - was last updated on December of 2020. Get the latest information about companies associated with Uranium Investing Delivered directly to your inbox. Uranium Futures Price Forecast (per ) and Prognosis Data for 2020 Outlook for key mining metals in 2020 after COVID-19 hit. Despite rising spot prices over the last half of 2018 due in large part to suppliers finally cutting significant production volumes, spot prices slipped in the first half of 2019 as utility and investor demand turned out to be subpar ahead of the Section 232 decision. Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article. The vast majority of uranium is sold through large long-term contracts between producers and utilities. Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The uranium price hit a four year high of US$33.93 in May; however, by mid-September, prices had pulled back to the US$29 level. URANIUM PARTICIP Stock Forecast is based on your current time horizon. The next such rise may come as early as the end of 2020, when major uranium companies like Kazatomprom and Cameco may make further purchases on the uranium spot market to fulfill their long-term contracts with utilities. This suggests a possible upside of 37.0% from the stock's current price. Nick Hodge of Digest Publishing agreed, saying, “If you are a fuel buyer for a utility company, you are probably starting to write memos to your boss like, ‘Hey sir, the price of uranium is up to the 2016 price already and that happened in a couple of weeks. Most industry forecasters believe that a long-term sustainable uranium spot price based on cost curve support is in the US$40-50/lb range, notes Shaw. 3 brokerages have issued twelve-month target prices for Uranium Energy's stock. Another big catalyst for uranium will be utilities companies coming back to market. *Please note that "Uranium and Thorium: 2020 World Market Review and Forecast" is a half ready publication and contents are subject to changes and additions. The consequences of an enduring low-price environment in the uranium industry have been significant curtailments in uranium production, as well as a dearth of new discoveries. Uranium Price. Uranium prices are mainly influenced by aboveground mine supply and demand for nuclear energy. While the uranium spot price continues to exhibit low volatility, three megatrends are tipped to increase the demand outlook for nuclear energy-Three megatrends contributing to uranium demand-Strong week for uranium equities -Uranium spot price continues to trade between US$29.00-30.00/lb. Everyone wants to know. Uncertainty related to these policy matters contributed to a soft uranium price throughout fiscal 2020, with the spot uranium price trading within a narrow band and weakening over the period. Do you think the uranium price is poised for a rebound? This caused the stocks of uranium mining and exploration companies to rise, and the price reached as high as $137 per pound. This tools are essential for the growth of any market movement.It also offers granular analysis of global Uranium Mining market segmentation, share analysis, regional analysis, as well as revenue forecasts. Responsible for 43 percent of global uranium production, the Central Asian nation began reducing its annual production levels in 2018 and plans to continue “flexing down” its uranium output through 2022. Whether you are an accredited investor or not depends on where you live and other criteria. Huge cuts to global uranium production have come from Kazakhstan, ranked as the world’s largest uranium-producing country. 1988-2021 Data | 2022-2023 Forecast | Price | Quote | Chart | Historical. “If there’s no news or material change in the market, uranium prices could drift lower for months without breaking the multi-year upward pattern.”. Cobalt Outlook 2021: Demand to Rise, Higher Price Environment Ahead, Aluminum Outlook 2021: Surplus Expected, Lower Prices Ahead, Lithium Forecast 2021: Execs Optimistic on Long-term EV Trend, Start Here! Looking forward, we estimate it … Uranium Price: Get all information on the Price of Uranium including News, Charts and Realtime Quotes. “When that happens, miners will demand — and get — much higher long-term prices, which will drag spot prices up in response,” said Tiggre. Such actions are significant catalysts for upward movement in the uranium price. Publish your articles and forecasts in our website. However, solely looking at the historical price movement is usually misleading. Buyers and sellers negotiate contracts privately. The spot price started the fiscal year at US$28.00 per pound U 3 O 8 and ended the year down almost 12% at US$24.70 per pound U 3 O 8. The spot uranium price has now fallen over 85% from its 2007 peak and is at a level not seen since mid-2004. In Canada, Cameco shuttered the Saskatchewan-based McArthur River mine in 2018 and temporarily closed Cigar Lake — the world’s top uranium mine — in response to the coronavirus pandemic. “I’m not ruling out more correction first,” he said. Get Our PREMIUM Forecast Now, from ONLY $5.99! In the second quarter of 2020, Philip Johnson of nuclear fuel cycle firm UxC forecasted a uranium production decline of 13.1 million pounds for the year. In 2003, the price of uranium began an upward trend as demand for nuclear power rose alongside the world’s need for energy, especially in growth economies such as China and India. The standard contract unit is 250 pounds of U3O8 and is traded on New York Mercantile Exchange. In January 2020, Rick Rule of Sprott (TSX:SII,NYSE:SII) told the Investing News Network (INN) that investors interested in uranium should be prepared to take the long position — in his opinion, it could be awhile before we see a rebound in the uranium market. CRU is the leading expert to provide a global view of the uranium industry, with market analysis, forecasts and cost services. These increasing energy demands came at the same time as significant supply-side disruptions. For full details go to https://investingnews.com/accredited-investor-definition/ or search for "accredited investor" in the search bar above. The chart of the uranium spot price is featured below. The 2018 weighted-average price of $38.81 per pound U3O8e was virtually the same as the 2017 weighted-average price of … The Uranium Committee of the Energy Minerals Division of the American Association of Petroleum Geologists just released their draft 2020 Annual Report last week and the prices … UxC* $30.00 US$/lb December 21, 2020. ... December 13, 2020. UxC estimates that cumulative nuclear fuel requirements not covered by current contracts are about 1.5 billion pounds to the end of 2035. In 2006, Cameco’s (TSX:CCO;NYSE:CCJ) massive Cigar Lake mine in Saskatchewan flooded, stalling production for several years at one of the largest undeveloped uranium deposits in the world. A true renaissance for uranium might be a few years off, but market participants are likely to see a series of incremental price increases along the way, Lobo Tiggre, founder and editor of Independent Speculator, explained to INN in an email. Your trusted source for investing success. Chart UK Enriched Uranium Sales Price ($/Unit) 2015-2020 Chart France Enriched Uranium Sales Volume (Units) and Market Size (Million $) 2015-2020 Current Price: 1.020 USD. It is designed to indicate how the portfolio of long-term contracts we had in place on September 30, 2020 would respond to different spot prices. Today's Uranium prices with latest Uranium charts, news and Uranium futures quotes. Since 2012, uranium prices have traded under the key US$50 level, reaching as low as US$18. Please remember that by requesting an investor kit, you are giving permission for those companies to contact you using whatever contact information you provide. Uranium prices have been struggling to climb out of a decade-long trough. For a few months we did not look into the uranium market. On average, they anticipate Uranium Energy's share price to reach $2.47 in the next twelve months. In 2001, uranium prices were so low it reached $7 per pound. Earnings growth for 2020 is a modest +18.2%. ... Official Close 12/29/2020 MI Indication. Don’t forget to follow us @INN_Resource for real-time updates! The uranium market’s years-long trough has investors asking, “When will uranium prices go up?” Before we try to answer that question, we’ll have a look at what’s moved uranium spot prices in the past, including the energy metal’s supply and demand dynamics. Energy Minerals > Research. In 2020, COVID-19-induced supply disruptions at the world’s top uranium mines briefly supported spot price gains of more than 30 percent in the first half of the year. 16 November 2020. To understand where those stand, investors in this sector typically look to: Analysts with a bullish lean believe the uranium market cycle has reached its bottom and that a break to the upside for uranium prices is supported by positive supply and demand fundamentals. Market Overview. On the supply side, major uranium producers are still cutting back on their output levels while new uranium exploration projects are few and far between. Uranium Energy Corp. (UEC) estimates and forecasts. Only about 10 to 15 percent of uranium trades happen on the spot market. So when can investors expect to see uranium prices go up? The tight supply situation, heightened by years of low prices, also played a part in pushing the spot price past the US$70 level. The prices we actually realize will be different from the prices shown in the table. Mercenary Geologist Mickey Fulp has advised, “Not even insiders have an idea of when this is going to turn because the market is so opaque.”. After the 2011 Fukushima disaster, the uranium spot price began a slow slide to lows not seen since the start of the century, ultimately bottoming out at US$18 in November 2017. Probably not, but I would say certainly in 2021.”, Raymond James forecasts that spot prices will average US$42.50 in 2021 and US$45 in 2022. In fact, according to experts at Red Cloud Securities, the price of … Uranium Price Forecasts Energy & Metals Consensus Forecasts™ is the result of a comprehensive monthly survey of over 40 of the world’s most prominent commodity forecasters covering over 30 individual commodity price forecasts including uranium. For example, in 2019 Cameco bought 12 million pounds from the spot market. As long as nuclear power remains a growing source of power for electricity generation, uranium prices should benefit from strong economic growth. And remember you can unsubscribe at any time. The firm uses a long-term U3O8 spot price assumption of US$46/lb (2020 real). The following table is not a forecast of prices we expect to receive. Their forecasts range from $1.50 to $3.50. Uranium is expected to trade at 30.19 USD/LBS by the end of this quarter, according to Trading Economics global macro models and analysts expectations. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. With uranium output in shortfall, utilities coming to market to replenish their energy fuel stock and secure future supply lines may happen sooner than later. Top uranium producers are Kazakhstan, Canada and Australia. We might want to start talking about contracting for uranium because our contracts roll off in X year. In 2010, uranium prices slipped further into the US$40 range. The uranium price hit a … Let us know in the comments below. 7.2 Uranium demand and price 7.3 Price forecast 7.4 The uranium market going forward Chapter 8: Conclusions NEW FOR 2011. Uranium Trends 2020: Deep Production Cuts Fuel Price Growth Uranium Outlook 2021: Positive Fundamentals Point to Growth Top Uranium Stocks of 2020 on the TSX and TSXV The recent price of uranium was $25.95, and it has zig-zagged around there since February. By Mark Woodruff The uranium price popped about its long term breakout level at 30 points, started consolidating around 32 points … and this week it continued its breakout. This includes initial cores for new reactors coming online. Analysts and industry leaders say the uranium spot price needs to rise above US$50 before such activity becomes economical again. Uranium Energy Corp. real time quote is equal to 1.020 USD at 2020-11-13, but your current investment may be devalued in the future. But prices have bottomed out in the past decade, with many investors wondering when the market will rebound. In 2011, the price of uranium got a serious push to the upside along with other energy metals as the global economy began to recover. Some investment opportunities are limited to accredited investors. Investors are asking, “When will the uranium price go up?”. Select 20, complete the request and then select again. Add to watchlist Trade Now. By. Our market analysis explores supply, demand and prices of uranium in key regions around the world, with forecasts of up to 25 years. Owners and operators of U.S. civilian nuclear power reactors (civilian owner/operators, or COOs) purchased a total of 40 million pounds U3O8e (equivalent) of deliveries from U.S. suppliers and foreign suppliers during 2018, at a weighted-average price of $38.81 per pound U3O8e. Expert Opinions on Uranium. Direct access to our calendar releases and historical data. TradeTech $30.20 US$/lb December 18, 2020. All readers are encouraged to perform their own due diligence. And when will the spot price for the metal once again move past the key US$50 level? On the demand side, nuclear energy generated from 440 reactors around the globe supplies about 10 percent of the world’s energy requirements. In terms of future demand for uranium, 53 nuclear reactors are in various stages of construction worldwide. Canada, Australia, Niger and Namibia are also among the world’s biggest uranium producers. Analysts are cautiously optimistic about uranium prices. Uranium is an important fuel source for the nuclear energy industry. ... especially the forecast) Global Uranium Market: Drivers and Restrains: ... region from 2015 to 2020, and global price … Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. The global Uranium market is valued at xx million US$ in 2020 is expected to reach xx million US$ by the end of 2026, growing at a CAGR of xx% during 2021-2026. RBC cuts long-term uranium price forecast. About 445 reactors with combined capacity of over 390 GWe, require some 75,000 tonnes of uranium oxide concentrate containing 63,000 tonnes of uranium (tU) from mines (or the equivalent from stockpiles or secondary sources) each year. However, in the years since then, the spot price for uranium has tracked downward on a steady slope. The global Uranium Mining market is valued at US$ xx million in 2020 is expected to reach US$ xx million by the end of 2026, growing at a CAGR of xx% during 2021-2026. Uranium is a highly dense metal which occurs in most rocks and is mostly used as a fuel in nuclear power plants. If you want more than 20 investor kits, you need to make multiple requests. Today's Uranium prices with latest Uranium charts, news and Uranium futures quotes. If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +20.6% over the past 5 years. Uranium has experienced a wide price range this century — while its highest level was nearly US$140 the lowest U3O8 spot price came in at just US$7. “I don’t know, do we get to US$50 this year? Uranium price chart via Trading Economics. Uranium does not trade on an open market like other commodities. The capacity is growing slowly, and at the same time the reactors are being run more productively, with higher capacity factors, and reactor power levels. Weekly Reports | Dec 15 2020. Kazakhstan’s behemoth, meanwhile, expects a deficit for 2020 and quoted third-party estimates Monday that primary uranium supply could decrease over 10% … The 2018 total of 40 million pounds U3O8e was 6% lower than the 2017 total of 43 million pounds U3O8e. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. In 2020, COVID-19-induced supply disruptions at the world’s top uranium mines briefly supported spot price gains of more than 30 percent in the first half of the year. The inability to move this uranium ore to market was a huge setback for the uranium industry, and translated into explosive price growth for the metal in 2007. Investors can use this forecasting interface to forecast URANIUM PARTICIP historical stock prices and determine the direction of URANIUM PARTICIP CD's future trends based on various well-known forecasting models. 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However, these factors increasing fuel demand are of… By selecting company or companies above, you are giving consent to receive communication from those companies using the contact information you provide. Prices are published by independent market consultants UxC, LLC (UxC) and TradeTech. Chapter 12, Enriched Uranium market forecast, by regions, type and application, with sales and revenue, from 2020 to 2026. The Trading Economics Application Programming Interface (API) provides direct access to our data. Then it rose gradually again, until the uranium bubble of 2007. We have limited the number of investor kits you can request to 20. Download historical data for 20 million indicators using your browser. The Uranium prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Trading Economics does not verify any data and disclaims any obligation to do so. However this may be changing now with an explosive breakout that took place this week. “The longer the recovery of the long-term market is delayed, the less certainty there will be about the availability of future supply to fill growing demand,” as per an industry supply and demand report on Cameco’s website. With its production cuts in 2020, the company is expected to purchase an even greater amount of U3O8 at spot prices. '”, Hodge expects to see higher prices for uranium in 2021, and thinks there is potential for the spot price to break past the all-important US$50 level. The global Uranium Mining market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of xx% in the forecast period of 2020 to 2025 and will expected to reach USD xx million by 2025, from USD xx million in 2019. Most new mine supply that could come online in the next cycle requires a base price of $55 per pound. Chapter 13, 14 and 15, to describe Enriched Uranium sales channel, distributors, customers, research findings and conclusion, appendix and data source. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. RBC Capital Markets has lowered its long-term uranium price from US$65 per pound to $50/lb. However, those impressive gains were soon undone by the 2008 economic crisis, which sent the uranium price on a downward spiral, slipping below the key US$50 level in early 2009. - Try Now Risk-Free - Money-back guarantee! The analyst firm anticipates that this growth will happen “as producers as well as utilities enter the market to purchase pounds as uncovered demand post-2021 grows.”, Still other uranium market watchers have cautioned that a near rebound in the uranium market is a tough call to make. 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