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Western Uranium and Vanadium Corp   (WUC)
Other Ticker:  
 
    Sector  Basic Materials    Industry Metal Mining
   Industry Metal Mining
   Sector  Basic Materials
 

Western Uranium And Vanadium 's Customers Performance

WUC

 
WUC's Source of Revenues Western Uranium And Vanadium 's Customers have recorded an increase in their cost of revenue by 16.04 % in the 3 quarter 2022 year on year, sequentially costs of revenue were trimmed by -7.29 %, for the same period Western Uranium And Vanadium Corp recorded revenue increase by 571.91 % year on year,

List of WUC Customers




Western Uranium And Vanadium 's Customers have recorded an increase in their cost of revenue by 16.04 % in the 3 quarter 2022 year on year, sequentially costs of revenue were trimmed by -7.29 %, for the same period Western Uranium And Vanadium Corp recorded revenue increase by 571.91 % year on year,

List of WUC Customers


   
Customers Net Income grew in Q3 by Customers Net margin grew to
31.12 % 9.23 %



Western Uranium And Vanadium 's Customers, Q3 2022 Revenue Growth By Industry
Customers in Oil And Gas Production Industry    
Customers in Renewable Energy Services & Equipment Industry      19.47 %
Customers in Major Pharmaceutical Preparations Industry  
Customers in Electric Utilities Industry      21.2 %
Customers in Natural Gas Utilities Industry      120.31 %
     
• Customers Valuation • Customers Mgmt. Effect.


Western Uranium And Vanadium 's Comment on Sales, Marketing and Customers



Spot prices rose from $21.00 per pound in January 2005 to a high of $136.00 per pound in June 2007 in anticipation of sharply higher projected demand as a result of a resurgence in nuclear power and the depletion or unavailability of secondary supplies. Secondary supplies are inventories of uranium not publicly available for sale, they are primarily held by utility companies and governments. The sharp price increase was driven in part by high levels of buying by utility companies, which resulted in most utilities covering their requirements through 2009. A decrease in near-term utility demand coupled with rising levels of supplies from producers and traders led to downward pressure on uranium prices since the third quarter of 2007. A rebound in uranium prices in conjunction with a recovery in commodities in 2010 was curtailed by the Fukushima disaster in Japan.

Since the Fukushima disaster in 2011, uranium prices entered a steady decline until June 2014, when they rebounded slightly and peaked again in March 2015. After that peak, prices again began to fall steadily reaching their lowest point in November 2016 and are currently back on the rise.

The only significant commercial use for uranium is as a fuel for nuclear power plants for the generation of electricity. According to the WNA, as of March 2017, there were 410 nuclear reactors operable worldwide, excluding the 37 idled reactors in Japan, with annual requirements of about 139.8 million pounds of uranium.

Worldwide uranium production or primary supply in 2016 is estimated by UxC Consulting in its Q4 2015 report at 163 million pounds. This is compared with 151 million pounds of primary supply in 2015. UxC Consulting estimated that global uranium demand was 148 million pounds in 2016. Separately, the World Nuclear Association estimated that demand was 165 million pounds in 2016.

From the reports of leading investment banks, the macroeconomic conditions driving uranium prices are as follows:

New reactor construction in India, China, South Korea, Russia, and the Middle East

The restart of Japan’s nuclear reactors

Decrease in primary supply due to producers shutting down mining operations that aren’t profitable at current pricing levels

Decreasing secondary supplies (excess reserves and supplies generally held by governments and utilities).

Across the 15 banks and analysts most active in the sector, a term structure of rising uranium spot prices which are significantly above today’s prices are forecast almost across the board from 2017 to 2020. A potential dramatic rising in uranium prices is forecast in 2019 primarily due to two factors. The first is an expected reduction in uranium production due to the currently low prices. The second is continued growth in nuclear energy, fueled primarily by new plants in India and China and the recommissioning of nuclear power plants in Japan. This should lead to excess reserves and inventories drying up, causing a projected shortage in 2019.

Based upon recent uranium pricing forecasts from leading bankers, we believe that uranium prices will improve enough over the coming years for Western to initiate production.

Western Uranium And Vanadium 's Comment on Sales, Marketing and Customers


Spot prices rose from $21.00 per pound in January 2005 to a high of $136.00 per pound in June 2007 in anticipation of sharply higher projected demand as a result of a resurgence in nuclear power and the depletion or unavailability of secondary supplies. Secondary supplies are inventories of uranium not publicly available for sale, they are primarily held by utility companies and governments. The sharp price increase was driven in part by high levels of buying by utility companies, which resulted in most utilities covering their requirements through 2009. A decrease in near-term utility demand coupled with rising levels of supplies from producers and traders led to downward pressure on uranium prices since the third quarter of 2007. A rebound in uranium prices in conjunction with a recovery in commodities in 2010 was curtailed by the Fukushima disaster in Japan.

Since the Fukushima disaster in 2011, uranium prices entered a steady decline until June 2014, when they rebounded slightly and peaked again in March 2015. After that peak, prices again began to fall steadily reaching their lowest point in November 2016 and are currently back on the rise.

The only significant commercial use for uranium is as a fuel for nuclear power plants for the generation of electricity. According to the WNA, as of March 2017, there were 410 nuclear reactors operable worldwide, excluding the 37 idled reactors in Japan, with annual requirements of about 139.8 million pounds of uranium.

Worldwide uranium production or primary supply in 2016 is estimated by UxC Consulting in its Q4 2015 report at 163 million pounds. This is compared with 151 million pounds of primary supply in 2015. UxC Consulting estimated that global uranium demand was 148 million pounds in 2016. Separately, the World Nuclear Association estimated that demand was 165 million pounds in 2016.

From the reports of leading investment banks, the macroeconomic conditions driving uranium prices are as follows:

New reactor construction in India, China, South Korea, Russia, and the Middle East

The restart of Japan’s nuclear reactors

Decrease in primary supply due to producers shutting down mining operations that aren’t profitable at current pricing levels

Decreasing secondary supplies (excess reserves and supplies generally held by governments and utilities).

Across the 15 banks and analysts most active in the sector, a term structure of rising uranium spot prices which are significantly above today’s prices are forecast almost across the board from 2017 to 2020. A potential dramatic rising in uranium prices is forecast in 2019 primarily due to two factors. The first is an expected reduction in uranium production due to the currently low prices. The second is continued growth in nuclear energy, fueled primarily by new plants in India and China and the recommissioning of nuclear power plants in Japan. This should lead to excess reserves and inventories drying up, causing a projected shortage in 2019.

Based upon recent uranium pricing forecasts from leading bankers, we believe that uranium prices will improve enough over the coming years for Western to initiate production.







WUC's vs. Customers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Western Uranium and Vanadium Corp 0.00 0.50 -3.01 2
Ameren Corporation 24,882.84 6,032.00 748.00 9,323
American Electric Power Co Inc 48,723.13 18,819.80 2,460.80 17,408
The Aes Corporation 18,855.72 12,327.00 -849.00 21,000
Constellation Energy Corporation 0.00 26,304.90 -521.30 0
Cms energy Corporation 18,521.53 7,164.00 858.00 8,837
Dominion Energy Inc 53,015.14 16,141.00 2,381.00 19,100
Dte Energy Co 22,245.98 18,994.00 1,123.00 15,600
Duke Energy Corporation 78,601.60 28,023.00 3,777.00 28,793
Dyne Therapeutics Inc 755.79 3,055.00 -181.06 0
Edison International 26,327.42 16,535.00 925.00 12,937
Empire Petroleum Corporation 317.18 72.28 10.76 0
Eversource Energy 29,003.41 11,741.51 1,398.93 8,234
Entergy Corporation 22,616.10 13,214.19 1,244.87 13,635
Exelon Corporation 41,429.21 23,321.00 2,968.00 32,713
Firstenergy Corp 23,452.00 11,942.00 1,251.00 12,316
Macquarie Infrastructure Holdings Llc 367.53 480.12 2,681.71 3,600
Nisource Inc 46,876.25 11,109.20 723.80 0
Nrg Energy Inc 8,213.25 30,734.00 1,889.00 4,577
NORTHEAST UTILITIES 0.00 0.00 0.00 8,248
Public Service Enterprise Group Incorporated 31,070.00 9,717.00 688.00 12,992
Paragon Offshore Plc 0.00 230.97 605.47 0
Pepco Holdings Inc 0.00 4,340.00 -212.00 2,374
Ppl Corporation 21,662.60 12,128.00 1,695.00 0
Scana Corporation 6,832.54 3,531.00 -115.00 5,989
The Southern Company 73,286.16 22,463.00 2,951.00 27,943
Sempra Energy 50,927.94 14,828.00 2,589.00 13,969
Teco Energy Inc 0.00 5,014.20 197.70 4,400
TXU CORP 0.00 0.00 0.00 0
Wec Energy Group Inc 30,013.70 9,240.90 1,381.30 7,509
Williams companies inc 39,375.82 11,834.00 1,902.00 4,812
Xcel Energy Inc 38,118.88 26,429.00 1,672.00 11,317
SUBTOTAL 755,491.73 375,766.06 36,243.99 307,626
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