RE:RE:RE:Market IndicatorsDo some basic research!
Uranium isn’t rare, we know that.
Utility demand is steadily rising adjusted for shutdowns.
And yes, no one cares about what the WNA has to say about supply and demand. No where will you see anything about price in any of those articles. They only care about production capability regardless of the cost to mine it. Available uranium is a tiered cost to production commodity and right now the largest and lowest cash cost mining companies aren’t breaking even let alone making a profit. Break even equilibrium is ~$60 per pound and the lowest long term price that any large mining company will accept is likely $48, camecos average LT contract price. We need the long term price above $48, that’s the target in my mind but this industry, being uranium, will probably overshoot that mark.