As the uranium spot price remained unchanged last week, the world's largest uranium company and several small ASX-listed companies...
Kazakhstan's state-controlled uranium miner Kazatomprom has report that it produced 3,073 tU (~8.0 million pounds U3O8) in Q2 2021...
Some Illinois lawmakers are calling for a separate bill to keep the state's nuclear power plants slated to close this year....
High-temperature gas reactors (HTGRs) could provide low-carbon process heat to help decarbonize heavy industry, under new plans ou...
Uranium Royalty Corp. (URC) has been added to the Global X Uranium ETF as part of the bi-annual index rebalancing....
Our Products - Conversion Market Study
The Conversion Market Study provides a revised price forecast based on supply and demand fundamentals, expected developments, and correlated spot and term market dynamics. With an eye on strategic agreements and recent improvements to key facilities, TradeTech takes a forward-looking view of the Conversion market’s prospects in an increasingly competitive environment.
Market Dynamics
The industry remains in a state of oversupply and declining market prices continue to place pressure on margins. Competition over available Open Term Demand has created a buyer’s market with converters willing to reduce margins in order to fill uncommitted production and capture market share.
Market Review
TradeTech continues to re-evaluate its Long-Term Forecasts, with this report extending the supply and demand analysis through 2030. In doing so, TradeTech evaluates the sources of future demand, which converters are best positioned to meet future needs, and how increased demand will be satisfied. This evaluation corresponds with an updated price forecast and outlook for the nuclear industry.
Conversion Market Segmentation
The Conversion Market is segmented into two markets—Western and Non-Western Demand—with the later typically satisfied through Russian Supply. TradeTech analyzes the segmented markets and any reliance either market has on the other to meet demand.
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