Recording date: 6th October 2023
Previous Energy Show with Brandon Munro: https://www.cruxinvestor.com/posts/how-namibia-uranium-benefits-from-off-shore-oil-discovery-3784
What’s been happening?
Since our last energy show recording on 31 August, uranium spot has appreciated from $61.35 to $70/lb. The market is closely watching the softening over the last two sessions after spot hit $73. Will the market pause around $70/lb or is this simply a profit taking ledge on a steep climb upwards?
Kazatomprom has announced their 2025 production plan. We examine the specifics of their announcement, the profit taking that followed and answer what it really means.
We have a tie this week between 92 Energy & Constellation Energy for Winner of the Week – watch to find out why, and also discuss Bungle of the week from South Korea where data has shown their nuclear phase out policy generated near $7 billion loss from the delayed commissioning of the two units at the Shin-Hanul plant alone. Fortunately, the industrious South Koreans have already redeemed themselves as the current government aims to nurture 60 nuclear exporters.
We attempt to answer “what does it mean for uranium now that France is pulling out of Niger?”
And also cover SPUT’s contemplation of a limited redemption mechanism and whether that will have a significant impact on uranium market fundamentals: could it really open the uranium floodgates? Will we see utilities buying uranium directly from SPUT, instead of producers?
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