Streetwise Articles
Uranium Will Peak in 2009, Lehman Says
Source: Bloomberg (6/11/07)
Uranium will average $120.06 a pound this year, rising to $167.49 in 2009, New York-based analysts Rohit Ogra and Edward Moore said in a report on Friday.
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Uranium Prices Continue to Surge
Source: Mineweb.com (6/8/07)
The 143 percent jump on the uranium spot market since October, however, is being met with optimism -- hopes that uranium's growing pains will lead to a more sustainable nuclear fuel sector.
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Peter Grandich Sees Uranium Climbing to US$200
Source: Financial Trading Post Desk Blog (6/6/07)
...But is the end of this bull market for the nuclear fuel near? Not if you ask Peter Grandich, author of The Grandich Letter, who attributes rising prices to tight uranium supplies.
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Uranium May Reach $200 in Two Years, Macquarie Says
Source: Bloomberg (6/5/07)
The price, which reached $125 a pound in mid-May, will probably average $125 a pound this year, rising to $135 next year, Macquarie Bank Ltd., Australia's biggest securities firm, said in a June 1 report.
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Spot Uranium Price Likely to Jump After Two Auctions This Week
Source: Platts (5/30/07)
While the spot price of uranium is likely to rise sharply after two
auction-like sales are completed Wednesday and Friday, the two leading
price-reporting firms late Tuesday were keeping their prices at last week's levels.
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Australia's Labor Party Ends Ban on New Uranium Mines: What's Next?
Source: The Gold Report (5/14/07)
The Gold Report caught up with analyst John Wilson of Resource Capital Research (RCR), Sydney, Australia, who publishes the "Quarterly Uranium Sector Review," to get his thoughts on the implications of Australia's Labor Party ending its 25-year ban on new uranium mines.
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Lower Uranium Project Hurdles for the Mining States
Source: Mineweb.com (5/10/07)
South Australia and the Northern Territory, which host Australia's three operating uranium mines, have the added advantage of in-built rules, regulations and experienced bureaucrats for the approval processes for any new uranium mining projects.
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Future Tense
Source: The Gold Report (5/8/07)
Another price surge rippled through an already supercharged market as the New York Mercantile Exchange launched its first-ever listing of uranium futures contracts.
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Uranium Spot Price Reaches $120/lb After Futures Launch
Source: ResourceInvestor.com (5/7/07)
TradeTech increased uranium spot prices to an all-time record of $120 per pound in anticipation of today's startup of futures trading on the New York Mercantile Exchange.
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The Uranium Juniors & Majors: A Symbiotic Relationship
Source: bestsyndication.com (5/4/07)
During its May 1, 2007 First Quarter Results conference call the company outlined its exploration strategy, which directly involves using the expertise of junior companies.
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Uranium Stocks Rally Ahead Of NYMEX Futures Trading
Source: StockHouse.com (5/4/07)
The NYMEX listed a uranium futures contract yesterday, May 7, as the energy and metals exchange looks to capitalize on surging interest in the nuclear fuel.
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Analysis: New Step for Uranium Trading
Source: United Press International (5/4/07)
When the New York Mercantile Exchange launches a first-of-its-kind uranium futures contracts, it sets a new stage in the growing uranium market. But the project, a venture with Ux Consulting, is likely not to settle the rocky road uranium prices have ridden lately.
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Active Spot Uranium Demand Dropped by 65 Percent in April
Source: StockInterview.com (5/2/07)
“The severe upward price momentum, witnessed in early April, had largely dissipated by month end,” wrote Klingbiel, editor of Nuclear Market Review's (NMR). “Sellers became even more reticent to submit spot offers.” The drop in demand could also have been impacted by the upcoming NYMEX uranium contracts, as many wait for developments and liquidity in the futures markets...
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Uranium Now 'Hottest' in Resources
Source: BrisbaneTimes.com (5/2/07)
"Any investors who don't have uranium exposure are betting against the market and, in my view, that's a bad bet," RBC Capital Markets analyst Chris Lancaster told his company's uranium conference in Sydney.
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Nymex Uranium Futures Survey Results: More Interest, Volatility in Price
Source: SeekingAlpha (4/30/07)
Over the past week, we’ve spoken to several industry experts about the impact of uranium futures on the uranium price. Will it work? Yellowcake Mining director Dr. Robert Rich, who has spent several decades in every aspect of the nuclear fuel cycle, talked to a number of utility executives at the recent nuclear fuel conference in Budapest. He felt they were pretty excited about the prospects for uranium futures trading. “It may be too early to tell,” Dr. Rich told us, “but I think futures trading shows promise.”
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Australian Labor Party Lifts Ban on New Uranium Mines
Source: Mineweb.com (4/28/07)
Although Australia's opposition ALP has lifted its opposition to development of new uranium mines, it is up to the States to set their own policies. . .
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Uranium's Set to Make Waves in Futures
Source: MarketWatch (4/27/07)
It's no wonder that the uranium industry and potential investors are all abuzz following an agreement between Ux Consulting and the New York Mercantile Exchange, a unit of Nymex Holdings, announced last week to introduce on- and off-exchange traded uranium futures products on May 6
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Uranium Industry Could be Reshaped by Two Events
Source: Canada.com (4/23/07)
While Wellington West analyst Catherine Gignac noted that the spot price for uranium remained unchanged at US$113 per pound, two events could reshape the industry.
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Nuclear Energy to See Rebirth in North America
(4/17/07)
Jeff Rubin, Chief Economist and Chief Strategist at CIBC World Markets, predicts uranium oxide prices will hit US$140 per pound this year and US$160 per pound by late 2008 - more than triple the price of uranium last fall.
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U.S. Nuclear Energy Push Could Generate Global Competition for Uranium
Source: Mineweb.com (4/16/07)
Austin, Texas, strategic consulting firm Stratfor suggests that a renewed push for U.S. nuclear energy "could lead to even more global competition for uranium and a boom in nuclear energy investment."
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The Power of Uranium Wows Wall Street
Source: nysun.com (4/16/07)
It's an impossible dream come true, like running a three-minute mile or hitting eight home runs in a single baseball game — recommending a group of stocks and seeing them rise an average 100%- plus during the next six months.
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Top Uranium Stock Picks
Source: resourceinvestor.com (4/12/07)
Professionals at the inaugural Uranium Stock Summit in Las Vegas, Nevada agreed that the secular bull market in uranium is in the final stages. But these experts also agreed there is still money to be made.
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Uranium Bull Market Too Overheated?
Source: ResourceInvestor.com (4/12/07)
Although the bull cycle is nearing and end, Casey said a lot of money can still be made. He said that mania stage in the dotcom era lasted about 2 to 3 years, and some of the best profits came out of it.
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Sky High
(4/12/07)
Setting a breath-taking pace, Uranium is shattering one record after another on its relentless ascent into heady, triple-digit terrain. Last week the spot price climbed to $113.00 per pound. Where's it headed?
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Spot Uranium Reacts to Pressure, Reaches $113 a Pound
Source: Mineweb.com (4/10/07)
Managing Director (of Toro Energy, an Australian explorer) Greg Hall noted "this price is again based on an auction of 100,000 lb last Wednesday in the US, and was also impacted by ERA's announcement of a lower production forecast next year from the Ranger Mine in the Northern Territory [Australia] after recent floods there.
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