Uranium shares have been the only bright spot last week

The Weekly has been on care and maintenance over the Xmas/New Year break though the charts are updated on each trading day. As usual for this time of the year it has been very quiet. Perhaps this has also been the pause before Trump is unleashed on the world later in January.

One exception to the lull has been the uranium sector which kicked higher late last week with the news out of Kazakhstan. Production from the Inkai in-situ uranium mine has been suspended. Inkai is Cameco's largest mine, having produced ~7.1 Mlbs U3O8 in 2023. The suspension was caused by delays in the lodgement of the deposit development documentation which was due by 31 December 2024. Cameco has said the this is a short term interruption that is unlikely to change guidance for 2025.

The uranium price weakened slightly to US$73.30/lb, continuing the downtrend that has been in play since February last year. So, the strength of the uranium company share prices seems a little optimistic.

The best way to start a new New Year is to throw out the dogs. There is no point in hanging onto them in the hope that they will recover. Maybe they will, maybe they won't, but you run this risk of unnecessarily depressing yourself over spilt milk and this could cause you to miss the new opportunities. 

 WeeklyCommJan4.pdf