Let's give some more context to contract flexibilities. Saturday thread
First of all point out that LT contracts refer to those where deliveries start 2 years after signing it. Historically the percentage of flexibility is correlated to the amount of #uranium contracted worldwide
The lower the quantity signed, the greater the flexibility & vice versa, the more quantity signed the less flexibility. This can be seen in the mid-2000s as well as in the mid-2010s. In 2005, over 250Mlb were contracted and the flexibility of delivery for (US) uts in 2007 was 2%
Apr 29, 2023 • 4 tweets • 2 min read
Inventory of Japanese utilities: this week they presented their annual results. There is a very evident drop in #uranium inventories during their FY 2022 (April 22-March 23). Specifically, there have been two uts that have sold a lot of material in the market: Hokkaido and Tohoku
Both have had a NPP utilization rate of 0%. Regarding Tohoku, it has made sales for 25B yen which gives a sale of 3.7Mlbeq approximately.
Jan 29, 2023 • 7 tweets • 3 min read
Let's dig deeper into KAP news. In October 2022 they showed their #uranium production forecasts for 2023-2024. Now, after only 3 months they have lowered the 2023 by 1,800tU. The global supply chain is the reason
This, far from being resolved in the short term, looks set to last longer than expected, if not get worse. What to expect from 2024 production? It seems difficult to reach 25,300tU
