Uranium futures canadian miner Cameco’s Q1 earnings

Canadian miner Cameco’s Q1 earnings beat forecasts, fueling a 2.4% spike in uranium futures. Equity-commodity correlation mapping shows uranium-linked stocks adding to upside beta in diversified energy portfolios. Click to email a link to a friend (Opens in new window) Consider a scenario in which some of the cascade halls—the rooms housing the centrifuges, connected in a specific sequence to gradually increase the concentration of the fissile isotope—within the underground facility are still functional. In that case, the regime could decide that it has withstood the conventional might of Israel and the United States, and again seek to position itself at the threshold of obtaining nuclear weapons—or even dash to a weapon. The chances of this outcome rise further if elements of Iran’s programs to turn weapons-grade nuclear material into a weapon and deliver that weapon similarly survived the combined Israel-US assault. (One caveat: Any postwar Iranian activity at Fordow, or other targeted sites, is likely to be easily detected by other countries.) Uranium futures rallied to $89/lb, bolstered by stronger-than-expected Chinese Q1 energy import data. Analysts highlight correlation between import growth and futures contract strength, reinforcing bullish bias in the commodity space.