The outlook for uranium looks even more bullish when you consider that these contracts are now coming to a close, and uranium is poised to become a very hot commodity once again. Canadian Cameco’s stock was up 25 percent in November, and while the spot prices are low and set to rise, Parry points out that spot prices are all but irrelevant in this market, as almost all uranium is sold at long-term contract prices, which are presently coming in upwards of US$40 per pound, significantly higher than the current spot prices. We’re already seeing the biggest uranium producers stocks reacting, including Cameco Corporation (NYSE:CCJ), AREVA (EPA:AREVA), BHP Billiton (NYSE:BHP). nuclear industry and the uranium market through deregulation, there are other factors coalescing around the world to make this a stellar new beginning for uranium and nuclear energy. While Trump might inject a major boost of energy into the U.S. Getting Ready for Uranium to Become an Irresistibly Hot Commodity Parry might be onto something, and IsoEnergy is indeed in high acquisition mode, targeting the discovery and development of high-grade uranium deposits in and around the Athabasca Basin in Saskatchewan-home to some of the world’s biggest high-grade deposits. And on that front we see the market at the early stage of what will become a roaring bull market.” “If it’s not the bottom yet, you can certainly see it. “If you are going to acquire uranium assets, now is the right time,” IsoEnergy Ltd. But more than that, it’s about to truly explode as a number of situations combine to form the new era of nuclear power. Now more than ever, demand for uranium appears to be assured. If you get into an auto crash, people keep driving.” As he noted after the 2011 Fukushima disaster in Japan: “If a plane goes down, people keep flying. Trump’s take on nuclear energy is quite simple. While there have been some oversupply issues keeping uranium prices down, the bigger problem has been negative sentiment rather than real fundamentals, but the Trump presidency will see through that. ![]() For the vast untapped potential of the nuclear energy industry and the uranium that feeds it, this could contribute to a market-disrupting revival that no longer bows to fear and the politics of economy. With Trump at the helm, sentiment gives way to practicality in the energy industry.
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