Kazatomprom has the lowest uranium production cost, has the biggest uranium production in the world and is the biggest dividend payer in the sector.Įach commodity is cyclical, uranium too. There are a couple uranium producers: Cameco, Kazatomprom, Orano, CGN, Paladin Energy. Source: World Nuclear Association/Deep Yellow By consequence today the uranium sector isn't ready to increase production significantly enough to meet the growing global uranium demand )Ĭ) Japan is restarting existing reactors that were shutdown after Fukushimaĭ) the uranium sector was in a depressed situation for 10 years after Fukushima, which cut all exploration and development expenses for too long. are building a lot of new reactorsī) lot of existing reactors are getting licence extensions (France, UK, USA, Canada, South Korea, Japan. The uranium sector started a multi-year contracting cycle in 2022 (Previous multi-year contracting cycle was in 2005-2008 (big wave of new contracts), 2010-2012 (small wave of new contracts)), while:Ī) China (China alone will cause a global uranium demand increase of 30% by 2035 based on the demand in 2021), India, Russia, Turkey, Egypt.
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