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Energy & Critical Metals

Adam Rozencwajg: Neglected Uranium Market Setting Up for Higher Prices

Adam Rozencwajg outlines the uranium supply and demand situation and discusses how his firm is approaching this investment opportunity.
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It’s no secret that the uranium market has faced headwinds over the last decade or so.

But calls for a turnaround have been increasing for some time now as supply tightens and the demand story grows stronger, leaving market participants more hopeful than ever.

Speaking to the Investing News Network, Adam Rozencwajg, managing partner at Goehring & Rozencwajg, shared his thoughts on the industry and what he expects moving forward.

 

Uranium Soared Last Year While Other Resources Tumbled

 
What's In Store For Uranium This Year? Find Out In Our Exclusive FREE 2021 Uranium Outlook Report featuring trends, forecasts, expert interviews and more!
 

Looking at supply, Rozencwajg noted that major players Cameco (TSX:CCO,NYSE:CCJ) and Kazatomprom (LSE:KAP) have had to curtail their output during this cycle and continue to do so; meanwhile, persistently low prices have kept smaller companies out of the market altogether.

Uranium demand has been hurt since the 2011 Fukushima nuclear disaster, but is looking increasingly promising as green energy becomes more attractive and with the advent of buyers like the Sprott Physical Uranium Trust (TSX:U.UN), which officially launched this past summer.

“When you put all those things together, what you end up with is a market that I think has been neglected for a long time — it’s a market that has basically bottomed and tightened starting two years ago,” said Rozencwajg. “We’ve been running a massive deficit of primary uranium for the last two years, and I think that now it’s going to start to work its way into higher prices.”

When asked whether it’s best invest in uranium producers or to consider explorers and developers, Rozencwajg emphasized that each person is different. However, Goehring & Rozencwajg is currently sticking with larger companies and vehicles that can get passive price exposure like the Sprott trust.

“In this stage, in this bottoming process, (we) try to stay with names that have some downside protection, and then we’ll look to add a little bit more as time goes on,” he explained.

Watch the interview above for more from Rozencwajg on the uranium space.

Don’t forget to follow us @INN_Resource for real-time updates! 

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

 

Uranium Soared Last Year While Other Resources Tumbled

 
What's In Store For Uranium This Year? Find Out In Our Exclusive FREE 2021 Uranium Outlook Report featuring trends, forecasts, expert interviews and more!
 

The post VIDEO — Adam Rozencwajg: Neglected Uranium Market Setting Up for Higher Prices appeared first on Investing News Network.

Energy & Critical Metals

Toshiba, Sojitz and CBMM partner to commercialize next-generation Li-ion batteries with NTO anodes

Toshiba Corporation, Sojitz Corporation, and CBMM have entered into a joint development agreement for the commercialization of next generation lithium-ion…

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Toshiba Corporation, Sojitz Corporation, and CBMM have entered into a joint development agreement for the commercialization of next generation lithium-ion batteries using niobium titanium oxide (NTO) as the anode material.

One of the major requirements for rechargeable battery development is greater energy density and faster charging. NTO has twice the theoretical volume density of the graphite-based anode generally used in lithium-ion batteries. In June 2018, the three companies entered into a joint agreement to develop NTO’s potential as an anode material.

This work, led by Toshiba’s Corporate Research & Development Center, has reached fruition with the development of prototype cells, and the companies have now agreed to extend collaboration for accelerating development of mass production processes and the early commercialization of next-generation lithium-ion batteries.


Prototype cell & Niobium Titanium Oxide (NTO)


The three companies aim to commercialize high energy density, quick charging batteries in FY2023, mainly targeting application in commercial e-vehicles. CBMM has contracted with Volkswagen Caminhões e Ônibus, a pioneer in the development and serial production of electric trucks in Latin America, to mature this technology further in real application. Toshiba and Sojitz will support this project.

The NTO battery will be installed on new electric vehicle designed by Volkswagen Caminhões e Ônibus as a pilot project and parties will collect the valuable vehicle operation data.

Niobium (Nb), one of the metallic elements, is an important additive in the production of high-grade steel alloys, including high-tensile and stainless steel, and its ability to enhance strength while reducing weight has made it indispensable for automotive applications. Brazil-based CBMM is the world’s leading producer of niobium and is well-known for its strong technology and product development programs.

As CBMM’s shareholder and distribution agent in the Japanese market, Sojitz has cultivated the knowledge and capabilities needed to establish a stable supply system and assist in the development of different applications for niobium.

Towards commercialization, Toshiba aims to secure stable supply of niobium materials from CBMM and Sojitz, and the three companies will target to gain market share in the rapidly expanding secondary battery market by utilizing CBMM and Sojitz’s global network.

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Energy & Critical Metals

SAKOR Technologies provides new dynamometer system to U of Houston for testing electric motor, inverter & control system designs

SAKOR Technologies provided the University of Houston’s Department of Electrical and Computer Engineering with a dynamometer test system designed to…

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SAKOR Technologies provided the University of Houston’s Department of Electrical and Computer Engineering with a dynamometer test system designed to test motor and inverter designs for use in hybrid and electric vehicle applications.


The system features dual opposin 7.5 kW AccuDyne four-quadrant AC motoring dynamometers, variable frequency drives, and a variety of subsystems configured for testing electrical machines. The dynamometers are capable of bi-directional loading and motoring, allowing researchers to test different algorithms and designs. One dynamometer will be used for testing permanent magnet motors and the other will be used to test induction motors.

The dynamometers feature regenerative operation, which recovers most of the load energy and makes the system extremely power efficient. They operate at up to 8,000 revolutions per minute (rpm) and offer up to 150% overload capacity, making them compatible with most small hybrid and electric vehicle architectures.

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The system is automated by SAKOR’s DynoLAB test automation control system which provides the capabilities necessary for the typical test engineer and/or technician to design and implement complex test procedures without the need to learn a programming language. tevp

We are extremely happy to be involved with universities pursuing important research and development necessary to design new energy efficient technologies. This flexible testing system is ideal for use in an academic environment and users can develop and test many different algorithms and technologies with a single test system.

—Randal Beattie, president of SAKOR
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Energy & Critical Metals

Mustang Mach-E first EV to pass Michigan State Police tests

The Ford Pro all-electric police pilot vehicle based on the 2021 Mustang Mach-E SUV has become the first all-electric vehicle to pass the rigorous Michigan…

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The Ford Pro all-electric police pilot vehicle based on the 2021 Mustang Mach-E SUV has become the first all-electric vehicle to pass the rigorous Michigan State Police 2022 model year evaluation. (Earlier post.)


Testing included acceleration, top speed, braking and high-speed pursuit, as well as emergency response handling characteristics. Michigan State Police is one of two law enforcement agencies that annually test new model year police vehicles and publish the results for use by agencies nationwide.

The fact that the Mustang Mach-E successfully stood up to the grueling Michigan State Police evaluation demonstrates that Ford can build electric vehicles that are capable, tough and reliable enough for even the most challenging jobs. We understand the needs of our commercial customers and are committed to unlocking new electrification opportunities for them.

—Ted Cannis, CEO of Ford Pro

Ford Pro submitted the all-electric police pilot vehicle for testing in the Michigan State Police 2022 model year evaluation 18-20 September. Michigan State Police will publish results for vehicles tested on its website later in the fall.

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