2211 GMT - Uranium prices may have fallen 12% so far this year but Jefferies believes the medium-term outlook for the nuclear fuel remains bright. It attributes recent weakness in uranium prices to heightened geopolitical and macro uncertainties, cautious utility buying, and increased confidence in supply. "The risk-off environment has largely kept buyers out of the spot market, while U.S. utilities continue to engage in the term market, with 11 term awards totalling 15.3 million lbs already secured in 2025," analyst Daniel Roden says. That has driven a widening contango between term prices of uranium at US$80.00/lb and spot prices of US$63.95/lb. Still, Jefferies stays constructive on the medium-term outlook, supported by disciplined production strategies, supply deficits, and rising global reactor demand from China, U.S. and Europe. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
March 09, 2025 18:11 ET (22:11 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。