Canadian Uranium Producers to Benefit From Renewed Demand for Nuclear Power
The Globe and Mail reported that Canadian uranium producers are set to benefit as demand for nuclear energy bounces back post-Fukushima, powering uranium bonds.
The Globe and Mail reported that Canadian uranium producers are set to benefit as demand for nuclear energy bounces back post-Fukushima, powering uranium bonds.
As quoted in the market news:
Uranium One Inc., the world’s third-largest uranium producer, is the best performer this year in the Bank of America Merrill Lynch U.S. high-yield metals and mining index. The Toronto-headquartered firm, acquired in 2013 by Rosatom Corp., Russia’s state-owned nuclear firm, has returned 35 per cent to investors this year. Cameco Corp., the largest uranium producer in Canada and second-largest in the world, has $1.5-billion worth of bonds all trading around or above par.
The price of the commodity is poised to jump in the next six to 12 months as China aggressively ramps up construction of nuclear reactors and utilities around the world renegotiate contracts with uranium producers, said Rob Chang, a metals and mining research analyst at Cantor Fitzgerald LP.
“Everyone in the industry knows there’s not enough being produced to satisfy upcoming demand,” Mr. Chang said.
The anticipated rebound will be driven in part by a paucity of supply as countries idled their nuclear reactors and looked for alternative energy sources following the 2011 earthquake and tsunami that destroyed Japan’s Fukushima reactor, claiming more than 15,000 lives. Nearly five years later, no country has gone “cold turkey” on nuclear – even Japan has started up its reactors again, he said.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1827.54 | +0.47 | |
Silver | 21.15 | +0.03 | |
Copper | 3.74 | 0.00 | |
Palladium | 1879.51 | +6.50 | |
Platinum | 911.26 | +4.32 | |
Oil | 107.06 | +2.79 | |
Heating Oil | 4.24 | +0.02 | |
Natural Gas | 6.17 | -0.07 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â