Manganese Ore Seaborne Prices Delayed Due to Technical Issues

Fastmarkets has delayed the publication of manganese ore seaborne prices for 58 minutes due to technical issues. The delayed indices include MB-MNO-0001, MB-MNO-0002, and MB-MNO-0003, which are part of the Fastmarkets Ores & Alloys Physical Price package. For more information or to provide feedback, contact Holly Chant at pricing@fastmarkets.com.

The global chessboard is shifting rapidly, with uranium prices soaring amidst geopolitical tensions and supply chain disruptions. The war in Ukraine has exacerbated Russia's control over uranium enrichment, while China's nuclear ambitions are on the rise. In this volatile environment, Centrus Energy (LEU) is expanding its uranium enrichment capabilities in Piketon, Ohio, signaling a significant step towards U.S. energy independence.

Price Surge and Market Reaction

Uranium prices have surged from around $63.50 per pound in early 2025 to over $80, reflecting the global supply constraints and increased demand for nuclear fuel. LEU shares have mirrored this momentum, reaching a new 52-week high of $346.96 on Sept. 25, a 13.1% intraday climb. The stock has gained 438% over the past 52 weeks and 420% year-to-date (YTD), outperforming the broader nuclear sector.

Centrus Energy's Expansion

Centrus Energy, valued at approximately $5.7 billion, is rolling out a multi-billion-dollar expansion in Piketon, Ohio. This Cold War-era facility is the only domestic site capable of industrial-scale uranium enrichment in the U.S. The expansion is supported by a nationwide supply chain and aims to secure America's uranium needs, reducing reliance on foreign suppliers.

Financial Performance

In its Q2 2025 results, Centrus Energy reported revenue of $154.5 million, up 18.3% year-over-year (YoY), and gross profit of $53.9 million, a 47.7% increase. The company also raised $114.0 million in net proceeds from an at-the-market equity offering and secured a work backlog of $3.6 billion through 2040. Analysts project a 163.3% YoY increase in Q3 2025 EPS to $0.19, but a 18.3% dip in full fiscal year 2025 EPS to $3.65.

Analyst Sentiment

Analysts are optimistic about LEU stock, with a "Moderate Buy" consensus rating. Eight analysts have a "Strong Buy" rating, while six are holding. The stock has surpassed its average price target of $237.83 and even the Street-high benchmark of $310.

Fastmarkets Delays

Separately, Fastmarkets has delayed the publication of manganese ore seaborne prices for 58 minutes due to technical issues. The delayed indices include MB-MNO-0001, MB-MNO-0002, and MB-MNO-0003, which are part of the Fastmarkets Ores & Alloys Physical Price package. For more information, contact Holly Chant at pricing@fastmarkets.com.

References

As Uranium Prices Soar, Buy This 1 Nuclear Energy Stock^[1] https://www.barchart.com/story/news/35199123/as-uranium-prices-soar-buy-this-1-nuclear-energy-stock