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Uranium Week: Cameco Plans Mine Restart


Apr 13 2021
As the uranium price rise of recent weeks takes a breather, Cameco plans to restart production at the Cigar Lake mine
-Cameco’s Cigar Lake mine to restart
-Recent research on ASX-listed uranium companies
-The weekly Spot uranium price falls -2.7% 
By Mark Woodruff 
In a move that surprised some commentators given the pandemic caseload in northern Canada,
Cameco has announced it plans to restart production at the Cigar Lake uranium mine in April. In some quarters it’s felt recent tightening in the spot market and the potential for further covid supply disruption may have played a part in the decision. ....

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Tapping into uranium's future potential - Australian Mining


Tapping into uranium’s future potential
As a vital commodity for countries that use nuclear power, Australia’s next wave of uranium miners are hoping to launch themselves into the export market to capitalise on the potential of a revival in prices.
Australia has the largest uranium resource in the world at 1.174 million tonnes or 34 per cent of the global total.
While it is the third largest producer of the commodity, there are currently only three active uranium mines in Australia as 2021 begins.
The fuel for nuclear power reactors, uranium is a cleaner source of power compared with fossil fuels such as coal and oil. ....

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Uranium Week: Megatrends Set To Drive Uranium Demand


This story features PALADIN ENERGY LTD, and other companies. For more info SHARE ANALYSIS: PDN
While the uranium spot price continues to exhibit low volatility, three megatrends are tipped to increase the demand outlook for nuclear energy
-Three megatrends contributing to uranium demand
-Strong week for uranium equities 
-Uranium spot price continues to trade between US$29.00-30.00/lb
By Mark Woodruff
The demand outlook for nuclear energy continues to improve, just as global uranium supply has shifted into a record supply deficit. Canaccord Genuity expects the deficit to continue and U3O8 demand to grow to 252m pounds (up 45%) by 2035 on the back of tailwinds from three key megatrends. ....

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