2259 GMT - The global uranium market is about to enter a lull, says Jefferies. Uranium demand remains structurally strong, and sentiment in the sector continues to improve, analyst Daniel Roden says. Still, Jefferies expects the market to seasonally soften over the next few months as utilities in the Northern Hemisphere buy less over their summer. It forecasts a 3Q uranium price of US$72.5/lb. "Transaction volumes typically decline in this period," Jefferies says. It expects a more robust market from September. "The persistence of firm term prices throughout the current dip reinforces the tightness in forward supply and underpins our constructive outlook for uranium into late 2025," says Jefferies. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
July 03, 2025 18:59 ET (22:59 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。