@quakes99 Das ist von gestern Unwetter in Kreta
Erst heute Morgen ist die Sonne rausgekommen
Eine gute Heimreise John
Ich Fliege Samstags wieder zurück 👍
Is Kazatomprom becoming "The OPEC of Uranium"?
Kazatomprom quietly partnered with the nation’s Sovereign Wealth Fund to build a Strategic Uranium Reserve (A SUR Thing)...
That now has plans to purchase $500 million dollars of physical uranium.
Think about the advantage this Strategic Uranium Reserve will have compared to the other market players looking to purchase uranium.
Due to their close association with Kazatomprom, which produces 43% of the world’s supply.
It’s an incredible leg up for one to be tightly aligned with such a powerful force in the physical uranium market.
For context, last year, Kazakhstan alone produced 46.8 million pounds of uranium.
At today’s price of $85 dollars per pound, that’s $4 billion in a single year.
Purchases by Kazakhstan’s Strategic Uranium Reserve will make the price of uranium that utilities outside of the country must pay go radioactive...
In other words, a lot higher.
And in a similar move,
Chinese state-owned energy company China National Nuclear Corporation signed a massive deal with Canadian uranium company Cameco earlier this year...
In an attempt to get as much uranium as they can get their hands on.
There are even rumors floating around that Cameco may actually be short in their committed contracts and will be required to enter the spot market to purchase physical uranium to meet their contracted obligations.
To make things even more interesting, there’s also hearsay that Kazakh ISR production is coming in lower than expected.
The uranium is all still there, but the cost of production will increase and deliveries will be later than scheduled.
Expect actual physical delivery of uranium in both the spot and long-term markets to be delayed.
The uranium spot price just soared to a 15-year high of $86 per pound this past week and is showing no signs of slowing down:
More here:
https://t.co/LPzQPbmPi3
@business Ist das eine Thema wo mann unbedingt darüber schreiben sollte?
Haben Sie keine andere Informationen?
Es ist gerade soviel los auf dieser Welt ?
Aber nein Sie müssen unbedingt über Zeitverschiebung schreiben ✍️