Paladin Energy Should Rethink Aversion to Spot Purchases -- Market Talk

Dow Jones

Mar 27, 2025

2301 GMT - Paladin Energy says it is unlikely to be buying uranium on the spot market after heavy rain disrupted operations at its flagship mine in Namibia, but Ord Minnett thinks it's possible. Paladin says its contracts have protection mechanisms in place, meaning it can avoid buying U3O8 on the spot market to honor supply deals. "However, we suggest Paladin might reconsider this stance," analyst Matthew Hope says. "Paladin wants its output to be fully contracted so needs to be viewed by utilities as a reliable supplier that always delivers." Ord Minnett adds that the spot market is illiquid at present. Potential buying by Paladin could ignite the spot price, perhaps at the cost of its cash balance, the bank says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

March 26, 2025 19:01 ET (23:01 GMT)

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Paladin says its contracts have protection mechanisms in place, meaning it can avoid buying U3O8 on the spot market to honor supply deals. \"However, we suggest Paladin might reconsider this stance,\" analyst Matthew Hope says. \"Paladin wants its output to be fully contracted so needs to be viewed by utilities as a reliable supplier that always delivers.\" Ord Minnett adds that the spot market is illiquid at present. Potential buying by Paladin could ignite the spot price, perhaps at the cost of its cash balance, the bank says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 26, 2025 19:01 ET (23:01 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Paladin Energy Should Rethink Aversion to Spot Purchases -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPaladin Energy Should Rethink Aversion to Spot Purchases -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-27 07:01</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  2301 GMT - Paladin Energy says it is unlikely to be buying uranium on the spot market after heavy rain disrupted operations at its flagship mine in Namibia, but Ord Minnett thinks it's possible. Paladin says its contracts have protection mechanisms in place, meaning it can avoid buying U3O8 on the spot market to honor supply deals. \"However, we suggest Paladin might reconsider this stance,\" analyst Matthew Hope says. \"Paladin wants its output to be fully contracted so needs to be viewed by utilities as a reliable supplier that always delivers.\" Ord Minnett adds that the spot market is illiquid at present. Potential buying by Paladin could ignite the spot price, perhaps at the cost of its cash balance, the bank says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 26, 2025 19:01 ET (23:01 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7509","symbol_name":"中概股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2522535715","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522535715","pubTimestamp":1743030060,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2301 GMT - Paladin Energy says it is unlikely to be buying uranium on the spot market after heavy rain disrupted operations at its flagship mine in Namibia, but Ord Minnett thinks it's possible. Paladin says its contracts have protection mechanisms in place, meaning it can avoid buying U3O8 on the spot market to honor supply deals. \"However, we suggest Paladin might reconsider this stance,\" analyst Matthew Hope says. \"Paladin wants its output to be fully contracted so needs to be viewed by utilities as a reliable supplier that always delivers.\" Ord Minnett adds that the spot market is illiquid at present. Potential buying by Paladin could ignite the spot price, perhaps at the cost of its cash balance, the bank says. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7509":"中概股","BK1229":"房地产经营公司","00495":"百利大","PDN.AU":"PALADIN ENERGY LTD","BK1258":"房地产运营公司","BK7083":"煤与消费用燃料"},"translate_title":"帕拉丁能源应该重新考虑对现货购买的厌恶——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PDN.AU":0.9,"00495":1},"content_text":"2301 GMT - Paladin Energy says it is unlikely to be buying uranium on the spot market after heavy rain disrupted operations at its flagship mine in Namibia, but Ord Minnett thinks it's possible. Paladin says its contracts have protection mechanisms in place, meaning it can avoid buying U3O8 on the spot market to honor supply deals. \"However, we suggest Paladin might reconsider this stance,\" analyst Matthew Hope says. \"Paladin wants its output to be fully contracted so needs to be viewed by utilities as a reliable supplier that always delivers.\" Ord Minnett adds that the spot market is illiquid at present. Potential buying by Paladin could ignite the spot price, perhaps at the cost of its cash balance, the bank says. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 26, 2025 19:01 ET (23:01 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}