Part of the Stock Digest group of websites: Visit Tech Stock Digest  

In a Katusa Research Uranium Outlook 2018 report, the founder said uranium spot pricing was below levels set in the 2008 financial crisis and all US uranium mines were losing money at current prices.

One of the world’s largest publicly traded uranium companies, Cameco (CN:CCO) this week lowered its production guidance amid difficult market conditions and production issues.

“Prices are now so low that most uranium mines are losing money on every pound they sell at spot pricing,” Katusa said.

“But bargain hunting contrarian investors know these statements often mark the point of maximum pessimism… and signal major investment opportunities.”

He outlined a solid case for prices to improve, including production reduction by major producer Kazakhstan and growing demand as new nuclear reactors come online.

Katusa is a major shareholder in uranium explorer Skyharbour Resources (CN:SYH) and the Vancouver-based company welcomed his positive outlook for the sector.

Click here to continue reading...

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.



Name Last Change
DOW 26210.80 0.01%
S&P 500 2839.13 0.22%
NASDAQ 7460.29 0.70%
TSX 16357.55 0.06%
TSX-V 899.92 0.00%

Resource Commodities

Name Last Change
Gold 1347.20 0.43%
Silver 17.18 0.70%
Copper 3.09 2.85%
Platinum 1008.00 0.15%
Oil 64.47 1.40%
Natural Gas 3.44 6.39%
Uranium 24.25 N/A
Zinc 1.56 0.00%


Part of the Stock Digest family of websites
Small Cap Stock Digest