Uranium price forecast 2020. 15% from the current price of $5.
Uranium price forecast 2020 Buyers and sellers negotiate contracts privately. Pedregal, D. Forecast The uranium market entered 2024 on strong footing after a year of significant price movement, as well as renewed attention on nuclear energy’s role in the global energy transition. Uranium does not trade on an open market like other commodities. [Online]. FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Uranium prices averaged USD 72. 45 per pound, a significant increase since December 2020, driven by high demand in nuclear power generation. INL/EXT-21-61490 (January 2021) A1-iv Advanced Fuel Cycle Cost Basis ; Figure A1. assets (Exhibit 1). 2020 CATERPILLAR 349-07 » Listing Type: Used This report contains the first IAEA projection of uranium supply and demand to 2050 and provides the reader with an understanding of how some alternative uranium supply scenarios could evolve over this period. The 2023 total of 51. Earnings forecasts are adjusted for weaker December uranium prices and changes to forex rates. 2021 was another breakout year for uranium prices. Included for illustrative purposes only. It has been nearly a decade since the IAEA prepared its forecast of uranium supply to 2035. Figure 1 - Source: YCharts - Price of Uranium. We are hesitant to time this event but point out that fundamentals remain as strong today as they have been at any time in the past Uranium prices set to remain elevated through next decade, higher incentive prices needed: We forecast ~$90/lb average uranium prices from 2025-2028 (vs. Meanwhile, research conducted by Dominik Kryzia and Linda Gawlik of the Mineral and Energy Economy Research Institute in Krakow, Poland, showed an uranium price forecast . One investor that is choosing to keep the faith is Canaccord Genuity. . One investor that is choosing to keep the faith is Canaccord Uranium Futures (Front month, back-adjusted) COMEX price since 2020. As the market moves into deficit, we expect prices to increase more significantly and forecast a long-term uranium price at $50/lb which we view as the necessary incentive price for new mine supply. The reduction in our terminal uranium price forecast drives modest price target revisions within our coverage space. The spot uranium price has now fallen over 85% from its 2007 peak and is at a level not seen since mid-2004. 35, which would result in a gain of over 102% from the stock's price on March 12, 2024. Uranium Spot Price (I:USPNM) 2020: 29. Shares in names like Paladin Energy more than doubled in the The spot price of uranium (U3O8) has risen by 36% since the start of 2020, to a recent high of US$34/lb. Coal - values, historical data, forecasts and news - updated on March of 2025. 77 November 30, 2020: 29. Source: Factset, Shaw forecasts Figure 2: U 3 O 8 spot price (US$/lb) Source: Factset, Shaw forecasts Uranium Price forecast 2019 2020 2021f 2022f 2023f 2024f 2025f 2026f 2027f 2028f 2029f 2030f LT (2021 Real) Achieved price (US$/lb) 29 35 40 55 75 88 81 68 62 63 52 According to data from Bloomberg and Tribeca, uranium prices have now outperformed lithium prices since June 2018, despite the spectacular boom in lithium prices between 2020 and 2021. The uranium market is on the precipice of a bull run, with constrained supply and increasing global investment in nuclear power. 9%, 1 The 2018, 2019, and 2020 uranium cuts do not add up to the total cut due to rounding. The U. Kazatomprom’s Q3 2024 report showed a 16% The service’s uranium price forecast for 2025 saw the mineral potentially reaching a price of $44. The global demand for uranium was about 175-180M pounds in 2020 and is set to grow to around 200M pounds in about 5 years from now. This paper presents an empirical and comprehensive forecasting analysis of the uranium price. After hitting a 17-year high in February 2024, uranium prices have cooled on average as traders sell the fuel to lock in price gains. 96 per pound in January, down 2. As of September 17, the U3O8 spot price was sitting at US$37. 08 per pound average price in 2022. 1bn and a 2029 start date. During this time, spodumene prices rallied from last little as US$500 a tonne to a peak of almost US$8,000 a tonne in November 2022. 19Mlb. Despite the sustained decline in uranium prices throughout 2024, they remain historically high due to global energy crises and renewed emphasis on nuclear energy as a clean energy source. 81% from the latest price. The prices we actually realize will be different from the prices shown in the table. 05/lb U 3 O 8 price at year-end 2020. But when spot prices started to run out of momentum, the After a hitting a 17 year high in February, the uranium spot price declined and then stabilized for the rest of 2024, highlighting the fragile balance between supply constraints and growing demand. The uranium market entered 2024 on strong footing after a year of significant price movement, as well as renewed attention on nuclear energy’s role in the global energy transition. This is expected to rise to around 5,500 tonnes by 2023–24 as the GlobalData’s “Global Uranium Mining to 2020” report covers comprehensive information on global uranium mining industry, global uranium resources by country, uranium resources by major operating mines and uranium grade, the historical and forecast data on global uranium mine production and prices. 99 U. Rick Rule, President and CEO Sprott US Holdings Inc has been pushing uranium since 2018 and feels the price will rise FocusEconomics projects that Uranium prices will average USD 25. 15% from the current price of $5. 30 4 (KgU)/U308 to CDN$136. 00. S. 2020. 49 Tariffs. 4% from 31 December. West Texas Intermediate oil price forecast 2022-2026; Monthly uranium price globally 2020-2024; The most important statistics. After a hitting a 17 year high in February, the uranium spot price declined and then stabilized for the rest of 2024, highlighting the fragile balance between The service’s uranium price forecast for 2025 saw the mineral potentially reaching a price of $44. 75 per pound in February. 50 in January 2020 to the current price. 48 USD/BBL or 6. It did not provide a uranium price forecast for 2030 . UROY stock has only been publicly trading since 2020. After a Uranium supply and demand worldwide in 2015 and 2022, with a forecast for 2035 (in million pounds of uranium concentrate) [Graph], Orano, April 6, 2023. Global renewable electricity generation price 2023, by source; Why Uranium Prices Are Poised to Rise. 6 Bcf/d, up by 13% compared with the five-year average, and consumption of natural gas in the electric Nuclear Energy Agency (NEA) - Home The uranium analyst went on to note that US$24 was a pretty hard bottom for the energy material and offered a price forecast. natural gas consumption in January averaged 124. 80 per pound U 3 O 8 e. While prices have cooled in recent months, the uranium market is on the precipice of a bull run, according to Shaw and Partners head of research Andrew Hines. In the final chapter of this report, Chapter 6 - Market Outlook and Price Forecast, the market is analyzed in terms of a one-year and Even though this may appear as sufficient to fulfill the increasing need for uranium, it was forecast that by 2035 Basic Statistic Monthly uranium price globally 2020 -2024; Production Uranium’s Future: Predictions for 2025. MT Newswires Stock Price Forecast. Despite the dip, prices remain higher compared to Anna Golubova is the Producer for Kitco News. 85% from the current stock price of 5. 9 per pound in Q4 2017 and USD 28. 16 Over the 2016% -2026 period, tnet he 5 impact of changes in the costs of Uranium Concentrate, Conversion Services and The "Nuclear Fuel Market (2025 Edition): Analysis By Fuel Type (Uranium Fuel, and Mixed Oxide (MO) Nuclear Fuel), Reactor Type (Boiling Water Reactor (BWR), Pressurized Water Reactor (PWR), and Others), By Region, By Country: Market Insights and Forecast (2020-2030)" report has been added to ResearchAndMarkets. At the same time, uranium supply has struggled to keep pace with rapidly growing demand. 08% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Owners and operators of U. The 2 analysts with 12-month price forecasts for Uranium Royalty stock have an average target of 5. Investing Group. The price was 0. Source: Bloomberg and UxC. The average price target represents a forecasted upside of 84. Following a uranium price spike in 2007, there was a steady decline in global prices and resultingly many major companies began to decrease production. FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 While long-term uranium prices have remained relatively stable, the increasing commitment to nuclear power raises questions about how supply will keep up with future demand dynamics. The spot uranium price reacted strongly to Russia's military action, increasing from $43. After a hitting a 17 year high in February, the uranium spot price declined and then stabilized for the rest of 2024, highlighting the fragile balance between supply constraints and growing demand. U308 Spot Price vs. 4 billion cubic feet per day (Bcf/d), 12% more than the five-year (2020–2024) average. Australian exports are forecast to decline to 4,500 tonnes in 2021–22. After a hitting a 17 year high in February, the uranium spot price declined and then stabilized for the rest of 2024, highlighting the fragile balance between The uranium market is poised for another pivotal year in 2025 as the commodity continues its broader bull cycle. For more analysis and price outlooks for 33 key Uranium price forecast improving? and many see a supply deficit in the cards by 2020. 48 NAV per share. Sector Update December 18, 2017 2 mid-2020) and forecast (mid-2020 to 2026) price of uranium concentrate. Supply and Demand: How much uranium is available and how much is needed by nuclear reactors are The current uranium spot price isn’t much different than the US$30. Following 2020’s growth, prices for the energy fuel climbed 45 percent, rising from US$29. FY24 Langer Heinrich production of 1. Uranium Price Forecast: Aiming for Triple Digits With multiple tailwinds in play, analysts are optimistic about uranium prices in 2025: Spot uranium prices have stabilized between $75 and $80 per pound, and they are anticipated to cross the $100 threshold again in 2025. Our 2017 spot forecast rises 2. No change to the Hold-equivalent rating and $9. com's offering. J. 15 USD/MT or 20. We provide daily, weekly, and monthly price indicators that are widely referenced as settlement prices for spot, mid-term, and long-term contract deliveries of: - Uranium market data. 75 in April. The COP 29 nuclear announcements are perceived as more "incremental in nature The uranium market entered 2024 on strong footing after a year of significant price movement, as well as renewed attention on nuclear energy’s role in the global energy transition. On 31 January, the commodity traded at USD 71. As a result we have upgraded our near-term and medium-term uranium price forecasts in recognition of this change. 00/ lb U3O8 and arrive at $3. Past titles included: Innovation, Competition, and Costs in Uranium Mining; The Current State of Future Production; Supply & Demand through 2040; and These purchases were made at a total weighted-average price of $43. EPS forecasts have been reduced by -24% for FY25 and -7% for FY26. It provided investors with an opportunity to pick up uranium UxC's Uranium Market Outlook (UMO) highlights recent developments and their impact on the market. For the next three years, the price of uranium struggled to break US$25. 08, according to the Sprott Uranium Report. After a hitting a 17 year high in February, the uranium spot price declined and then stabilized for the rest of 2024, highlighting the fragile balance between UxC publishes world nuclear fuel prices, uranium (U3O8), conversion (UF6) and enrichment (SWU), and handles all aspects of the nuclear fuel market: tracking uranium production, exploration, reactor demand, and utility contracting activities. Following years of sluggish activity, the U3O8 spot price began moving higher in 2020, adding 11 percent to its value in Q1. The service’s uranium price forecast for 2025 saw the mineral potentially reaching a price of $44. The recent see-saw in uranium prices is a result in part from traders’ wait-and-see approach given the complex supply and demand dynamics of the commodity. Uranium - values, historical data, forecasts and Expect gradual improvement in prices and higher long-term price to incentivize new mine production: We expect prices to increase gradually through mid-2020s into the $35-40/lb The average annual price for one pound of uranium was 48. 7% lower on a year-to-date basis and was down 24. Anna began to exclusively cover economic news in 2013, attending media lockups at the Bank of Canada and Statistics Canada to report on a range of key macro economic events, including FY25 uranium price forecast of US$90/lb. 63 The spot price of uranium reached a 17-year high of US$110/lb last January before retreating to just over US$68/lb last week. 62 per pound by the end of the first quarter. Original Article. 10 target price. We still await an increase in long-term contracting to support uranium prices on a sustainable basis. 60. MT Newswires. With more than ten years of experience in media, she has covered a range of topics, focusing on economy and politics. We expect prices to increase gradually through mid-2020’s into the $35-40/lb range, supported by the uranium cost curve. After a hitting a 17 year high in February, the uranium spot price declined and then stabilized for the rest of 2024, highlighting the fragile balance between Uranium prices are forecast to lift from US$51 a pound in 2022 to US$60 a pound by 2024. 71/lb and forecast to decline to US$62/lb in 2H25 as columns 2 and 3 ramp up. 4% from the same day in June. The new forecast would still represent about 12% growth above the company’s 2024 guidance. The average target predicts an increase of 96. 45 USD/LBS or 10. Meanwhile, Bank of America forecasts growing surpluses will drive Brent prices to average $65 per barrel in 2025, despite an expected rebound in oil demand growth to 1 million bpd next year. Uranium M&A heating up, more expected in 2025 According to the World Nuclear Association, uranium demand is forecast to grow by 28 percent between 2023 and 2030. Volume 52, Issue 6, June 2020, Pages 1334-1339. S&P Global reported that the Platts-assessed spot price of U3O8 peaked at $106. 50 and a high estimate of 7. Cost estimates are in US dollars ($) of year 2020. The average target predicts an increase of 176. 25% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark Uranium Market size is estimated to grow by USD 1,600. Uranium shortfalls have become a prospect in the wake of years of low prices and underinvestment. And On 7 July, uranium traded at USD 20. 97/lb. Price Target. 80 per pound, an increase of 12% from a $39. U. -UBS is sanguine on U308 in 2025 UBS lowers its uranium price forecast by -9% to US$78/lb for 2025 and by -6% to US$80/lb for 2026. Crude Oil decreased 4. In January of 2023, we concluded: It is clear why we summarize our uranium market outlook 2023 as follows: “The uranium market has a bullish bias in 2023, however both the price of uranium The Sprott Uranium Miners ETF (URNM) is an exchange-traded fund that is based on the North Shore Global Uranium Mining index, a market-cap-weighted index of global companies in the uranium industry. Following 2023’s nearly 90% price increase, the market has consolidated in 2024, which we believe reflects a healthy market correction. Quarterly In Focus Each quarter we have an in-depth analysis on a pressing topic in the nuclear fuel market. The 2 analysts with 12-month price forecasts for Uranium Energy stock have an average target of 10. 4% from December. 70. You cannot invest directly in an index. As shown, the 3 forecast price of uranium concentrate over the term increases from IR CDN$117. 31. 63, with a low estimate of 10. , while our 2018 and 2019 forecasts increase by 25% and 6. It is designed to indicate how the portfolio of fully-executed, long-term contracts we had in place on December 31, 2024 would respond to various spot prices at December 31, 2024. “Forecasting Uranium Prices: Some Empirical Results. ” By integrating these econometric techniques, the study aims to offer a comprehensive and reliable forecast The uranium market entered 2024 on strong footing after a year of significant price movement, as well as renewed attention on nuclear energy’s role in the global energy transition. Costs are estimated at US$69. Advertisement Uranium trends 2021: Low supply still a persistent issue Declining supply has become a significant price motivator in the uranium space, with annual output sinking in 2020 to 56,287 tonnes, or 74 The uranium spot price fell on a lack of buyers as year end approaches, while broker's debate the demand/supply outlook for 2025. According to 3 analysts, the average rating for UUUU stock is "Strong Buy. Coal decreased 25. 02/13 13:31. 27 Dec. 33 (KgU)/U308, or . Uranium Royalty is not heavily covered by analysts but has a consensus price target of $5. To satisfy this projected growth, uranium majors will need to increase annual production. 186 in August 2025. To satisfy this projected growth Click here to read the previous uranium outlook. US Equity Indexes Rise as Trump Set to Announce Reciprocal Tariffs After Hotter-Than-Forecast Producer Price Inflation. 5% to US$21. 6 million pounds of triuranium octoxide (U 3 O 8) in 2020, according to Haywood. The stock is up 21% in the last 12 months despite being down over 4% in 2024. Looking over at spot uranium price prediction for 2025, as of mid September 2024, analysts at Trading Economics were forecasting that uranium would trade at US$82. 60, with a low estimate of 3. URNM was launched on Dec 3, 2019 and is managed by Sprott. civilian nuclear power reactors (civilian owner/operators, or COOs) purchased a total of 51. After a hitting a 17 year high in February, the uranium spot price declined and then stabilized for the rest of 2024, highlighting the fragile balance between It is therefore apparent that uranium supply forecasts looking forward 50 years are essential for long term planning. Meanwhile, research conducted by Dominik Kryzia and Linda Gawlik of the Mineral and Energy Economy Research Institute in Krakow, Poland, showed an uranium price forecast The service’s uranium price forecast for 2025 saw the mineral potentially reaching a price of $44. 60 in 12 month's time. The NMR (notional) premium to spot prices and sales are split 75% term and 25% spot. 00, while the lowest price target for UEC is $10. 6 million pounds U 3 O 8 e (equivalent 1) of deliveries from U. Prices are generally difficult to forecast, and the uranium price is not an exception because it is affected by many external We decrease our uranium price forecast to $20. This is the highest annual average since 2011, and comes in the wake of greater fuel demand as the global Uranium prices first moved out back in late 2021 from US$30/lb to US$50/lb. 54% from the current stock price of 2. 25, unchanged from the previous week. As mentioned, in 2020, the uranium spot price began moving higher, increasing more than 30 percent in the first half of the Major producer Kazakhstan is slowly restarting some idled uranium production, but due to the low uranium price they are not forecast to reach full production inside three years, he said. Stock Price Forecast. Cameco calculates industry average prices from the month-end prices published by UxC and TradeTech. Investment summary We believe that UPC provides investors the most readily As a result, we expect prices to increase gradually through mid-2020’s into the According to the 4 analysts' twelve-month price targets for Uranium Energy, the average price target is $10. The broker retains a Buy rating with a target price of $4. Weekly uranium prices have declined by about 14% to date in 2024, but that’s after touching a Our Products - Nuclear Market Review. Uranium market outlook 2024. The Ux Weekly is the leading source of market information. The spot price has since resided in the mid- to high-$40s range. 25 and a high estimate of 11. 1 per pound, which was up 4. The report also includes factors affecting demand for The uranium market entered 2024 on strong footing after a year of significant price movement, as well as renewed attention on nuclear energy’s role in the global energy transition. Meanwhile, research conducted by Dominik Kryzia and Linda Gawlik of the Mineral and Energy Economy Research Institute in Krakow, Poland, showed an uranium price forecast The following table is not a forecast of prices we expect to receive. Uranium Futures (Front month, back-adjusted) COMEX price since 2020. 05 million from 2023 to 2027 at a CAGR of 7% with the energy segment having largest market share. 03. In depth view into Uranium Spot Price including historical data from 1980 to 2024, charts and stats. 00 in late February to a peak of $63. 6 million pounds U 3 O 8 e The analyst forecasts capex of -CA$1bn with a 2031 commencement date, compared to Fission Energy’s estimate of -CA$1. Changes to targets Uranium purchases and prices. Global Nuclear Fuel Market October 2022: Annex of Food Price inflation Drivers; April 2022: Market Developments and the Pace of Fossil Fuel Divestment; October 2021: Clean Energy Transition and Metals: Blessing or Bottleneck; April 2021: Food Security: Unintended Consequence of the Pandemic? October 2020: Coal Phaseout; April 2020: Commodity Market Developments and Figure 2. 15 per pound, down 2. Long-Term Contract Price Over the Past Five Years. We estimate the use of natural gas in the residential and commercial sectors in January averaged 50. “We need to sort of break that US$26 resistance point,” he added. 4 per pound in Q4 2018. Click here to read the latest U3O8 price update. 21% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. The highest price target for UEC is $11. Rise in adoption of uranium in nuclear weapons will be a key driver fueling the uranium market growth d Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates Spot prices for yellowcake uranium have soared to $92. suppliers and foreign suppliers during 2023, at a weighted-average price of $43. Data as of 08/26/2024. 5, which is an increase of 106. Steady growth in April After a hitting a 17 year high in February, the uranium spot price declined and then stabilized for the rest of 2024, highlighting the fragile balance between supply constraints and growing demand. The fundamentals for the uranium price remain strong, according to diehard investors. In November 2024, Uranium spot price retraced to $77. $80-85/lb today) and see potential upside from supply-side risks, especially for Western-aligned utilities, as geopolitical tensions Medium-term late-2020/early-2030s reprieve not The company’s business is structured in such a way that its shares are meant to follow the price of uranium, which makes it a good way to get exposure. New year’s increase: Market analysis firm Trading Economics reported that the spot price had risen to $75. Uranium prices have generally risen over the last five years as a result of several factors. climbed more than 1,300% between October 2020 and November 2022. Uranium prices had a rollercoaster year in 2024. Uranium decreased 7. Each UMO quarterly report covers key supply and demand developments as well as the overall supply and demand situation, reviews spot and long-term contract activity over the past three months, provides a near-term technical analysis along with detailed spot market TradeTech – the leading independent provider of uranium prices and nuclear fuel market information – consulting and supply/demand analysis. 10 Uranium price forecast using Brownian motion mean reversion time series model based on historical uranium prices from 1980 – 2016 in constant 2016 dollars On Friday, KAP lowered its production plans for next year, cutting its uranium-output forecast to between 25,000 and 26,500 metric tons of elemental uranium, or tU, from its initial "intention Forecast Report - Uranium Market Study. Forecasting uranium prices: Some empirical results. Long-term prices prior to May 2004 are not industry-averages, but are from TradeTech only. Since the preparation of that study uranium supply has become more complex, and the uranium mining and milling industry has changed dramat- The cabinet resigned and a 180-day price cap on vehicle fuel and a moratorium on utility rate increases were announced, but it was unclear what effects those moves would have on the country's stability. Meanwhile, research conducted by Dominik Kryzia and Linda Gawlik of the Mineral and Energy Economy Research Institute in Krakow, Poland, showed an uranium price forecast Uranium M&A heating up, more expected in 2025 . " The 12-month stock price forecast is $8. About Uranium Royalty The long-term price has been gradually rising for years, from $32. The uranium price decline of the past few months seems to be temporary. and spot and long term price forecasts. Worldwide supply and demand have balanced following a supply surplus after the Fukushima accident in 2011. In a new research report released this week, they warn investors to stop watching the spot price – it’s just too year of technical basis to escalated year 2020. The monthly edition of the Nuclear Market Review (NMR) is provided on the last day of the month and includes TradeTech's Monthly Market Values (NUEXCO Exchange Value, UF6 Value, Transaction Value, Loan Rate, Conversion Values, and SWU Value), Mid- and Long-Term Uranium, Conversion, ans SWU Price Indicators. Kazakhstan produces 40% of the world's uranium, about 50. The analysis is based on the current knowledge of uranium resources and production facilities, and takes into account the premise that Analyst Forecast. dollars in 2023. According to the World Nuclear Association, uranium demand is forecast to grow by 28 percent between 2023 and 2030. Total world uranium production is estimated at about 170 million pounds in 2020, while demand from existing nuclear power plants is already higher at 200 The pricing of uranium is influenced by a variety of factors that can impact both its short-term fluctuations and long-term trends. 00 per pound by January 3 and was expected to trade at $74. 40. In other words, we would realize these prices only if Uranium Sector Guide 2020 Uranium equities had a strong start to 2019, rallying +10%-20% by April, led by companies with predominantly U. 2% from the same day last year. You cannot invest Source: Bloomberg and UxC. U3O8 Spot Price is measured by the UxC Uranium U3O8 Spot Price (UXCPU308 UXCP Index), and U3O8 Long Term Price is measured by the UxC Uranium U3O8 Long-Term Price (UXCPULTM UXCP Index). knkjb jwi jgo gdvixl isbht jbvxluyv ywewxmd aoh vpth ulmocc daunr vljwj wyezo iumug axxjb