CNEA International Natural Uranium Price Forecast Index (June 2021)

Date of distribution: June 10^th, 2021

On June 7^th, 2021, CNEA issued the 7^th issue of "CNEA International Natural Uranium Price Forecast Index (June 2021)".

1. Short term monthly spot price forecast index (update monthly)

Compared with the light turnover in April, the turnover in May increased significantly. The weekly price continued to rise due to the purchase from investment funds, middlemen and nuclear power enterprises.

Assuming that there will be no other major emergencies in the future, based on the net index value model independently developed by URC, it is estimated that the spot price in the next three months will be flat or slightly volatile in the early stage, and moderately higher in the later stage.

2. Medium and long term - annual spot price forecast index (update quarterly)

Major events affecting the international natural uranium market in the first quarter include:

In terms of supply, a number of mining companies have promoted exploration projects and announced the (preliminary) feasibility study results. 

In terms of demand, the scale of natural uranium required for nuclear power plants will continue to grow in the future. The demand of uranium for nuclear power enterprises will reach its peak in the next three years.

In the financial sector, the US interest rates and exchange rates are getting lower through the implementation of multiple rounds of Quantitative Easing programs by the US, the market funds are therefore active in supporting the uranium price.

Based on the Supply and Demand Cost Model independently developed by URC, the price before 2025 will be slightly adjusted compared with the previous period.

Source: Official website of China Nuclear Energy Association