Geiger Counter Limited (LON:GCL) has announced its full monthly factsheet for March 2025 is now available:
Commentary
Increased volatility in energy markets during March, following the effective closure of the Strait of Hormuz, through which approximately 20–25% of globally traded crude oil and liquefied natural gas transits, has reinforced the importance of energy security and highlighted the attributes of stable, baseload nuclear electricity generation.
European and Asian LNG benchmark prices rose by nearly 60% and 90%, respectively, over the month. The prospect of a more persistent risk premium being reflected in gas prices, a core input to electricity generation in many Western economies, continues to add impetus to political support for nuclear power, both through life extensions and reactor restarts, as well as longer‑term new capacity deployment. Against this backdrop, the TradeTech long‑term uranium price indicator rose
by $3/lb to $93/lb at the end of March.
Despite the supportive influence of rising fossil fuel prices, the spot U₃O₈ price continued to cool following its late‑January spike above $101/lb, declining by 2.7% during March to finish the month at $84/lb. Uranium mining equities took their cue from the spot market, extending their pullback from January highs. As a result, the Fund’s NAV declined by 10.2% during the month, broadly in line with sterling declines of 10.6% and 8.7% in the Sprott Uranium Miners ETF and the Solactive
Global Uranium Pure Play Index, respectively.
Geiger Counter Limited (LON:GCL) is a Jersey closed-end investment company, which invests in uranium exploration and production stocks.
