TSX:CCO - Post Discussion
Post by
Betteryear2 on Nov 01, 2023 8:54pm
Uranium Bull Run
9,777 views Oct 30, 2023
9,777 views • Oct 30, 2023
Recording date: 27th October 2023 We are grateful to have Dustin Garrow, Managing Principal of Nuclear Fuel Associates, to provide an overview as uranium is bucking broader equity market trends and attracting generalist funds. Conversations indicate utilities are focused on securing future uranium supply as restarts come online and more long-term contracting is expected, particularly from US utilities to support diversification. Due diligence is increasing on potential new projects in Africa and North America as established producers commit production to Russia and China. Utilities are changing procurement strategies with over-purchasing and over-committing to contracts to ensure the security of supply. The market is transitioning to favor sellers as mobile inventory declines globally as both demand and supply side fundamentals have changed with SMRs, nuclear growth forecasts, and new national nuclear programs influencing procurement strategies. Overall the market is entering a new phase where utilities must learn how to contract from a diverse supplier base amidst rising prices. The next 6 months could see exciting developments.
Uranium Bull Run: Procurement Strategies on Demand Surge and Market New Phase on the Next 6 Months - YouTube
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