Friday, May 30, 2025

Latest

Could Flooded Namibian Mines Lead To Uranium Oversupply?

In the wake of recent heavy rains in Namibia, observers are closely watching three major uranium mines that collectively produced around twenty million pounds of uranium per year as of Q3 2024.

These open-pit operations appear to have been hit hard by flooding, prompting concerns about both immediate disruptions and longer-term market effects.

Paladin Energy, one of the key operators in Namibia, recently withdrew its production guidance. Although official information on the extent of damages remains limited, the decision by Paladin to revise its projections has prompted speculation that its peers may be facing similar challenges.

While some of these processing facilities are built on higher terrain, mine sites themselves often feature steep slopes or deep pits that can fill with water during heavy downpours. With all three mines operating open-pit facilities, risk of flooding is substantially elevated.

This confluence of events has fueled a debate on whether production disruptions will lead to a short-term contraction in supply or if ramp-up efforts once the floodwaters recede might eventually cause an overabundance of uranium on the market.

Nevertheless, the developments in Namibia have already compelled analysts to reevaluate their global uranium supply outlook. For nations relying on nuclear energy, the performance of these mines will be a key factor in determining whether the market tightens or loosens in the months ahead.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

First Majestic Makes Second Major Discovery At Santa Elena In Just A Year

Related News

Energy Fuels Records $0.7 Million In Revenue, $8.0 Million Net Loss In Q3 2021

Energy Fuels Inc. (TSX: EFR) released this morning its Q3 2021 financial results, which saw...

Monday, November 1, 2021, 10:39:00 AM

Rockland Resources Acquires Uranium Property In Ontario

Rockland Resources (CSE: RKL) has entered the uranium space. The company this morning announced that...

Tuesday, October 5, 2021, 09:00:24 AM

F3 Uranium Hits 57,100 cps In Latest Drilling At Patterson Lake North

F3 Uranium (TSXV: FUU), whom was formerly known as Fission 3.0, started the trading week...

Tuesday, February 21, 2023, 08:24:51 AM

Kazatomprom Guides To Reduced Production: “Another Kazatomprom-sized Source Will Be Needed”

In its 2023 financial report, Kazakhstan-based Kazatomprom, the world’s leading uranium miner, has revised its...

Friday, March 15, 2024, 10:24:42 AM

Pegasus Resources: An Early Mover In The Uranium Sector – The Daily Dive

Joining us for the first time on the Daily Dive is that of Charles Desjardins,...

Wednesday, May 4, 2022, 01:30:00 PM