RE:RE:RE:RE:RE:Vanadium and Uranium prices continue to fall....Sure we know the outcome of 232. Positive. The recommendation will be to establish a % of US made Uranium supplying United States Nuclear Power plants and military nuclear powered vessels. Might not be 25 % but at least 10 % is a sure thing.
Will be no sooner than 2023 before US mines can produce 13 Million LBS a year of Uranium. But that is around $ 850 Million dollars per year with uranium contracts at the mid 60's/LB. Not that far fetched a possibility.
The United States will mine about 1 million LB of Uranium this year. And use about 50 Million. Think what you want about Trump but he is not an idiot. Relying on foreign sourced product to supply domestic uranium needs for the nuclear fleet is unsafe and a no brainer to change. This should not be political but sadly might be made out to be. Even the green wackos are coming around and saying the world needs nuclear power.
Real question is if (when.......!!) 232 is positive what will the Made in USA U price be ?? Do not believe US sourced U at $ 50/LB is enough is it ? Likely would be about $ 65/LB in my opinion. If it is at around $ 65/LB Cameco would likely sign some LT at that price would they not ?
Why would the Kazaks then continue to give away Uranium in the low $ 30's/LB if they can get double that ? Russia wants money too remember. This will raise most of the whole ship. Difference this time is that companies with cow pastures saying they have U LBS in the ground will not get anywhere. Meaning even fewer uranium companies to invest in which will be a positive catalyst for even higher share prices in many of these companes.
Energy Fuels will rise above $ 10 per for a period of time in very the near future due to the hype before profit taking. When your neighbours start talking about investing in Uranium when this 232 makes the 630 news, time to move on.
MM