How Supply & Demand is Likely Driving the Uranium Market to Reach a 16-Year Peak This Year [Financial Post (Toronto, Ontario, Canada)]
Denison Mines Corp Ordinary Shares (Canada) (DNN)
NASDAQ:AMEX Investor Relations:
denisonmines.com/s/investorrelations.asp
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Source: Financial Post
A recent article in Reuters headlined: “Supply risks fuel uranium's flight to more than 16-year peak.” The article said that Uranium prices have hit their highest in more than 16 years on a buying frenzy triggered after the world's largest miner of the nuclear fuel highlighted production risks, but the price surge is likely to mean the restart of mothballed capacity. It added: “Kazakhstan's Kazatomprom (KZAP) in January 2024 said it may cut its 2024 production plan due to difficulties with the availability of sulphuric acid needed to produce uranium. Uranium oxide prices, under pressure for years after the Fukushima nuclear accident in 2011 battered demand, picked up momentum in August 2021 when disruptions caused by COVID lockdowns hit supplies and created shortages. They have since rocketed 250%, and are up 15% so far this month to their highest since November 2007 at $106 a lb. After a decade of dormancy, uranium suddenly came to life in mid-2021, rising above its long-standing cap
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- 11/8/23 - Beat
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- 4/8/24 - Form 6-K
- 4/1/24 - Form 6-K
- 3/28/24 - Form 6-K
- DNN's page on the SEC website