DENVER, CO—(Marketwired – Dec 20, 2014) – As TradeTech releases Issue 4 of its Uranium Market Study 2014, the industry consultant's Weekly U3O81 Spot Price Indicator (Bloomberg: TDTC) recently climbed to the highest level of the year. However, the year–to–date average price remains the lowest since 2005, as the nuclear fuel industry draws down excess supplies that accumulated after the global financial crisis and the Fukushima accident in Japan2.
In the latest quarterly issue of the Uranium Market Study, TradeTech continues its evaluation of market dynamics and identifies root causes of current trends, while incorporating the underlying fundamentals into the latest long–term uranium supply and demand analysis. The report also includes spot and long–term uranium price forecasts through 2030.
“As utilities enter the market looking for stable and diversified long–term uranium deliveries, they are currently met with limited options. Moreover, suppliers are seeking to cover full costs and provide a sustainable return. In recent weeks this has led to upward pressure on TradeTech's Long–Term U3O8 Price Indicator, which in turn, has provided competitive leeway for near–term prices to rise,” states TradeTech President Treva E. Klingbiel.
In Issue 4, TradeTech also evaluates sources of long–term uranium demand and uranium mining projects that are best positioned to meet future supply needs, as well as those that may be affected by current market conditions. Central to this evaluation is the report's feature analysis of “SWU3 for U: Uranium Demand Flexibility through Underfeeding,” which highlights the operating fundamentals and advantages of enrichment underfeeding4, as well as effects the practice has on revenue streams for uranium enrichment companies.
TradeTech's Uranium Market Study Issue 4 also provides in–depth reviews of pivotal uranium projects, selected junior exploration and mining companies, and project financing, as well as secondary uranium supplies, supply/demand data, and supplier and utility profiles.
For further information or to purchase TradeTech's Uranium Market Study, visit: http://www.uranium.info/uranium_market.php.
1 Uranium oxide concentrate, the mixture of uranium oxides produced after milling uranium ore from a mine, sometimes referred to as “yellowcake.”
2 TradeTech's 2014 year–to–date average Weekly U3O8 Spot Price Indicator is US$33.14; in 2005, the average U3O8 Spot Price Indicator was $28.07.
3 SWU, or Separative Work Unit, is a complex unit that is a function of the amount of uranium processed and the degree to which it is enriched, i.e., the extent of increase in the concentration of the U–235 isotope relative to the remainder.
4 Enrichment underfeeding is the process by which a uranium enrichment company can substitute the amount of uranium used in the process by utilizing more SWU capacity.
TradeTech, and its predecessor companies — NUEXCO Information Services, CONCORD Information Services, and CONCORD Trading Company — has supported the uranium and nuclear fuel cycle industry for more than 40 years, and is widely recognized for its expertise in trading activities and its comprehensive knowledge of the technical, economic, and political factors affecting this industry. TradeTech provides expert market consulting, participates in the buying and selling of uranium products and services, and maintains an extensive information database on these industries.
The company publishes the Nuclear Market Review (NMR), which reports TradeTech's Weekly U3O8 Spot Price Indicator, uranium trading activity, industry news, and market data. The monthly edition of the NMR, published on the last day of each month, includes TradeTech Market Values (Exchange Value, UF6 Value, Loan Rate, Conversion Value, SWU Value, and Transaction Value) and Mid– and Long–Term U3O8 Price Indicators, as well as price analysis, supply/demand data, and industry news. TradeTech also publishes The Nuclear Review, a monthly trade publication dedicated to the international nuclear power industry, and a quarterly Uranium Market Study, which provides timely analysis of the global uranium production industry, including spot– and long–term uranium price forecasts.