The higher uranium price reflects the need to move to ever deeper mines, which increases the energy needed to extract the ore, and the shift to lower - grade ore.
Not exact matches
This good news hasn't translated into
higher uranium share
prices, however, as the industry continues to choke on excess supply as I
Uranium as a commodity was basically forgotten about until it marched up to a record
high price above $ 130 USD / lb in 2007.
As
uranium is a very small part of the cost of running a nuclear reactor
uranium at much
higher prices is still economically usable.
The call, made in a submission to Chief Scientist Alan Finkel's review of future security of the NEM, came with the revelation that BHP's power bill at the Olympic Dam copper and
uranium mine in South Australia is expected to rise by $ US30m ($ 39m) this year because of
higher gas
prices and the cost of contracts that offset the risks of power
price spikes.
Coal, gas and
uranium rich Australia shouldn't be paying the
highest power
prices in the world; and it shouldn't be cutting power to businesses and hospitals during hot weather, when demand spikes and -LSB-...]
Pursuant to the Minister's calculation, the sale
price in a
high volume contract will have more impact on the average sale
price calculation than a contract for the sale of less
uranium.