I was surprised to see no mention of Olympic Dam in your article. Recent developments there have the potential for a significant impact on the uranium market in the near to mid-term:
"As well as affecting BHP's sales, a sustained outage could provide support to global copper and uranium prices, analysts said.
Uranium, which is sold mainly on long-term contracts, would be the most sensitive if BHP or its customers were forced to buy on the sector's small spot market.
In recent years, BHP has been forced to buy uranium on the spot market to make up shortfalls. "
Uranium: An Under-the-Radar Bull Market [View article]
Cliff - There are only a handful of companies that produce uranium. The only ones that pay a dividend are the largest ones in the sector, the big diversified mining companies like BHP and Rio Tinto. But you are getting a lot of other minerals along with the uranium if you buy one of those.
Uranium's Tough Outlook [View article]
"As well as affecting BHP's sales, a sustained outage could provide support to global copper and uranium prices, analysts said.
Uranium, which is sold mainly on long-term contracts, would be the most sensitive if BHP or its customers were forced to buy on the sector's small spot market.
In recent years, BHP has been forced to buy uranium on the spot market to make up shortfalls. "
www.theaustralian.news...
Uranium's Tough Outlook [View article]
Uranium: An Under-the-Radar Bull Market [View article]
tsl