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October 4, 2022 – TradeTech’s PCI Shows Uranium Production Cost Increases Due to Inflation
October 1, 2021 – Uranium Market Achieves Record Spot Market Transaction Volume
September 16, 2021 – Uranium Price Surpasses $50 for First Time Since 2012
TradeTech's Uranium Spot Price Climbs to 12-Year High as Market Prepares for Higher Demand
ENGLEWOOD, CO, Sept. 18, 2023 -- The spot uranium price continues to climb as tight near-term supplies lead sellers to increase offer prices; as a result, TradeTech's Weekly Uranium Spot Price Indicator reached $65.50 on September 15—the highest level in more than 12 years.
"The expectation for higher demand from the global nuclear power industry, combined with signs that the uranium production sector could contract further due to the recent geopolitical events, as well as certain missed targets by existing and emerging producers, have led spot uranium sellers to resist reducing their offer prices, with buyers exhibiting a willingness to pay higher prices to secure material," said TradeTech President Treva Klingbiel. "The potential disruption to future supplies due to the recent geopolitical unrest in Niger or potential sanctions on Russian nuclear fuel imports is creating concern among buyers," Klingbiel added.
TradeTech's Weekly Uranium Spot Price Indicator is at its highest level since March 11, 2011, the date of the Fukushima accident in Japan. In the 12 and a half years since then, the spot price declined to a low of $17.75 per pound U3O8 in December 2016. The most recent upward trend in the weekly spot price began in mid-July this year, with the price indicator rising 17 percent over the last two months. The spot price has increased 34 percent since the beginning of the year and 38 percent since September 2022. The average weekly spot price in 2023 is $54.09 per pound U3O8—8.9 percent above the 2022 average, according to TradeTech data.
TradeTech's weekly Nuclear Market Review features ongoing uranium market analysis and the company's Weekly Uranium Spot Price Indicator.
About TradeTech
TradeTech launched its Daily Uranium Spot Price Indicator in March 2011, which is provided to subscribers worldwide. The company's Nuclear Market Review (NMR) is published each Friday evening, and reports the Weekly Uranium Spot Price Indicator, uranium trading activity, industry news, and market data. The monthly edition of the NMR, released on the last day of each month, includes TradeTech Market Values (Exchange Value, UF6 Value, Loan Rate, Conversion Value, SWU Value, and Transaction Value) and Mid- and Long-Term Uranium Price Indicators and Production Cost Indicator, as well as analysis related to price determinations, supply/demand information, and industry and financial news. TradeTech also publishes The Nuclear Review, a monthly E-magazine dedicated to the international uranium and nuclear energy industry, and a quarterly Uranium Market Study, which includes near- and long-term forecasts.
TradeTech—and its predecessor companies—has supported the uranium and nuclear fuel cycle industry for more than 50 years and is widely recognized for its expertise in trading activities and its comprehensive knowledge of the technical, economic, and political factors affecting this industry. TradeTech provides expert market consulting, has relationships with international nuclear fuel buyers and sellers, and maintains an extensive information database on these industries. [top]
TradeTech's Long-Term Uranium Price Reaches Highest Level in 10 Years
Englewood, CO (PRWEB) August 1, 2023 – TradeTech’s Long-Term Uranium Price Indicator climbed to US$57.75 per pound uranium oxide (U3O8) in July--the highest level in a decade as the nuclear power industry plans for global growth to support security of energy supply and climate goals.
Meanwhile, several supply-side developments, including delays to planned uranium production and higher cost estimates, threaten to deepen an existing supply deficit in the uranium market. As a result, TradeTech’s monthly uranium Production Cost Indicator (PCI) increased 0.2 percent to $55.30 per pound U3O8 on July 31, and is up 5 percent from a year ago1. This month’s marginal increase indicates potential volatility is on the horizon, according to TradeTech.
“Although the market is poised to enter a quiet season due to summer holidays, uncertainty concerning production output and potential disruption to future supplies due to the recent geopolitical unrest in Niger or potential sanctions on Russian nuclear fuel imports is creating anxiety for buyers. An increasing supply deficit in the market foreshadows periods of increased term buying as end users look to shore up their future deliveries,” said TradeTech President Treva E. Klingbiel.
A comprehensive analysis of uranium supply and demand, as well as spot and long-term uranium price forecasts and recent industry and policy developments, are featured in TradeTech’s quarterly Uranium Market Study publication.
1The uranium Production Cost Indicator PCI captures TradeTech’s proprietary judgment of the life-of-mine full cost (C3) necessary to incentivize and support new primary uranium production, captures a combination of circumstances affecting the future supply/demand dynamic.
About TradeTech
TradeTech launched its Daily Uranium Spot Price Indicator in March 2011, which is provided to subscribers worldwide. The company’s "Nuclear Market Review" (NMR) is published each Friday evening, and reports the Weekly Uranium Spot Price Indicator, uranium trading activity, industry news, and market data. The monthly edition of the NMR, released on the last day of each month, includes TradeTech Market Values (Exchange Value, UF6 Value, Loan Rate, Conversion Value, SWU Value, and Transaction Value) and Mid- and Long-Term Uranium Price Indicators and Production Cost Indicator, as well as analysis related to price determinations, supply/demand information, and industry and financial news. TradeTech also publishes "The Nuclear Review," a monthly E-magazine dedicated to the international uranium and nuclear energy industry, and a quarterly “Uranium Market Study,” which includes near- and long-term forecasts.
TradeTech—and its predecessor companies—has supported the uranium and nuclear fuel cycle industry for more than 50 years and is widely recognized for its expertise in trading activities and its comprehensive knowledge of the technical, economic, and political factors affecting this industry. TradeTech provides expert market consulting, has relationships with international nuclear fuel buyers and sellers, and maintains an extensive information database on these industries.
For general and media inquiries contact:
TradeTech
Denver Tech Center
7887 E. Belleview Avenue
Suite 888
Englewood, CO 80111
Phone: +1 (303) 573-3530
Fax: +1 (303) 573-3531
www.uranium.info
Nuclear Power Industry Poised for Long-Term Growth to Achieve Climate Goals & Security of Supply
Englewood, CO (PRWEB) January 11, 2023 – Recent energy policy decisions will aid further expansion of nuclear power as the global community works toward net-zero emissions goals and improved security of supply, which, in turn, provide support for the nuclear fuel industry, according to TradeTech, LLC.
“Despite significant macroeconomic challenges, the uranium market is entering 2023 on the momentum of several developments that highlight strong fundamentals. The focus on nuclear power was magnified in 2022, with several jurisdictions passing legislation to support nuclear power as an important means to reduce carbon emissions,” said Treva E. Klingbiel, president of TradeTech, LLC. For instance, the European Union’s Complementary Climate Delegated Act, which became effective on January 1, is a sustainable finance policy that awards a “green” investment label for new nuclear power. Poland adopted a nuclear power resolution and signed a partnership with US-based Westinghouse for its initial civil nuclear power project while Belgium recently extended the operation of two of its seven commercial reactors for 10 years (starting in November 2026).
In the USA, the Inflation Reduction Act and Civil Nuclear Credit Program both provide notable funding to support existing and new nuclear power plants. And, as a result of the war in Ukraine, several countries changed their policies on nuclear power to regain security of supply today and tomorrow, including Germany, Japan, and South Korea, which had long-standing nuclear phaseout or reduction plans. Moreover, many national governments are considering the introduction of nuclear power in the interest of energy security
This long-term growth trajectory has spurred renewed interest in the nuclear fuel market as the new year begins, with the uranium spot price surpassing the US$50.00 level for the first time since August 2022. TradeTech’s Daily Uranium Spot Price Indicator reached $50.50 per pound U3O8 on January 10, amid strengthening demand and renewed interest from the financial sector.
TradeTech
Denver Tech Center
7887 E. Belleview Avenue
Suite 888
Englewood, CO 80111
Phone: +1 (303) 573-3530
Fax: +1 (303) 573-3531
www.uranium.info
TradeTech’s PCI Shows Uranium Production Cost Increases Due to Inflation
Englewood, CO (PRWEB) October 4, 2022 – TradeTech’s monthly Production Cost Indicator (PCI) value, which captures the company’s proprietary judgment of the life-of-mine full cost (LoM C3) necessary to incentive and support new primary uranium production, increased 6.6 percent (US$3.50) in September to $56.20 per pound U3O8, marking 16 months without decline and the highest value since the Indicator’s inception in April 2020.
For general and media inquiries contact:
TradeTech
Denver Tech Center
7887 E. Belleview Avenue
Suite 888
Englewood, CO 80111
Phone: +1 (303) 573-3530
Fax: +1 (303) 573-3531
www.uranium.info
This is the second consecutive month for record transaction volumes in the uranium spot market. A total of 13.2 million pounds U3O8 equivalent traded hands during the month of August, notes TradeTech, the longest-running uranium price reporter.
In August, the increase in the spot uranium price outpaced prices observed in the mid- and long-term market sectors. However, that trend was reversed in September. Beginning in the second half of the month, spot prices started to decline and buyers turned their attention to the mid- and long-term markets.
TradeTech’s monthly uranium spot price indicator, the Exchange Value, climbed to $42.20 per pound U3O8 on September 30, nearly 40 percent above the 2020 average. The company’s Mid-Term Uranium Price Indicator and Long-Term Uranium Price Indicator for September 30 also escalated, based on recent market activity, to $43.75 and $45.00 per pound U3O8, respectively. “This highlights the increased pressure that the growing levels of spot purchases, by parties that intend to sequester the material, is placing on the mid- and long-term uranium markets. An increase in buying interest from the utility and non-end user sectors has resulted in higher offers for all buyers in the mid- and long-term delivery periods,” said TradeTech President Treva Klingbiel.
About TradeTech
TradeTech launched its Daily Uranium Spot Price Indicator in March 2011, which is provided to subscribers worldwide. The company’s "Nuclear Market Review" (NMR) is published each Friday evening, and reports the Weekly Uranium Spot Price Indicator, uranium trading activity, industry news, and market data. The monthly edition of the NMR, released on the last day of each month, includes TradeTech Market Values (Exchange Value, UF6 Value, Loan Rate, Conversion Value, SWU Value, and Transaction Value) and Mid- and Long-Term Uranium Price Indicators, as well as analysis related to price determinations, supply/demand information, and industry news. TradeTech also publishes "The Nuclear Review," a monthly trade publication dedicated to the international uranium and nuclear energy industry, and a quarterly “Uranium Market Study."
TradeTech—and its predecessor companies—has supported the uranium and nuclear fuel cycle industry for more than 50 years, and is widely recognized for its expertise in trading activities and its comprehensive knowledge of the technical, economic, and political factors affecting this industry. TradeTech provides expert market consulting, has relationships with international nuclear fuel buyers and sellers, and maintains an extensive information database on these industries.
For general and media inquiries contact:
TradeTech
Denver Tech Center
7887 E. Belleview Avenue
Suite 888
Englewood, CO 80111
Phone: +1 (303) 573-3530
Fax: +1 (303) 573-3531
www.uranium.info
Uranium Price Surpasses $50 for First Time Since 2012
Englewood, CO, September 16, 2021 -- The spot market price for uranium rose to US$50.50 per pound uranium oxide (U3O8) today—the first time since July 2012 that the uranium market has seen a spot price surpass the $50 price level.
Industry consultant TradeTech’s Daily Uranium (U3O8) Spot Price Indicator has climbed just over $10, or 25 percent, in the past week, and $20 or 66 percent in the last month, as spot market activity has risen steeply amid buying activity from financial groups, traders, and nuclear power utilities, with financial entities accounting for the majority of the purchases reported in recent weeks.
“The launch of the Sprott Physical Uranium Trust in mid August has been a significant contributing factor in the spot price rise,” said TradeTech President Treva E. Klingbiel. “Not only has the Trust accounted for a notable portion of the material purchased in the spot market since mid August, but the launch of the fund has attracted a number of new parties to the uranium market, which when combined with steady purchases from uranium producers and existing funds, has added further momentum to the price increase,” she added.
Presently, uranium supplies have been sufficient to meet the increase in spot market demand, although sellers are remaining cautious and retaining quantities in anticipation of a further price rise and demand from utilities in the coming months, according to TradeTech. The Sprott Physical Uranium Trust, which expanded its At-the-Market program to $1.3 billion last week, is anticipated to remain an active participant in the uranium spot market.
About TradeTech
TradeTech launched its Daily Uranium Spot Price Indicator in March 2011, which is provided to subscribers worldwide. The company’s "Nuclear Market Review" (NMR) is published each Friday evening, and reports the Weekly Uranium Spot Price Indicator, uranium trading activity, industry news, and market data. The monthly edition of the NMR, released on the last day of each month, includes TradeTech Market Values (Exchange Value, UF6 Value, Loan Rate, Conversion Value, SWU Value, and Transaction Value) and Mid- and Long-Term Uranium Price Indicators, as well as analysis related to price determinations, supply/demand information, and industry news. TradeTech also publishes "The Nuclear Review," a monthly trade publication dedicated to the international uranium and nuclear energy industry, and a quarterly “Uranium Market Study."
TradeTech—and its predecessor companies—has supported the uranium and nuclear fuel cycle industry for more than 50 years, and is widely recognized for its expertise in trading activities and its comprehensive knowledge of the technical, economic, and political factors affecting this industry. TradeTech provides expert market consulting, has relationships with international nuclear fuel buyers and sellers, and maintains an extensive information database on these industries.
For general and media inquiries contact:
TradeTech
Denver Tech Center
7887 E. Belleview Avenue
Suite 888
Englewood, CO 80111
Phone: +1 (303) 573-3530
Fax: +1 (303) 573-3531
www.uranium.info
