Uranium Shortfall
Project development in sluggish uranium market
As those watching the uranium market know, the space is in a period of significant and sustained depression. And though all the fundamentals indicate that prices should be making their way up the charts, the market has yet to react positively.
Still, as Guthrie noted, "the forecast demand for uranium to meet the committed growth in nuclear power generation capacity --- particularly in Asia --- will create a supply shortfall that will emerge in the market from 2018 onwards."
With a shortfall in supply imminent, "there is a positive outlook for new mines to bring new production to market towards the end of this decade," making it a prime time to develop a project that will be able to meet the rise in demand when the time comes.