URANIUM FORECAST: Patricia Mohr, ScotiabankPatricia Mohr, vice president economics, Scotiabank
uranium is my top commodity pick of the 32 commodities in the index..there has been a fundamental rejuvenation..138 new reactors between now and 2020..even in the , 20 new reactors in the next decade..not really much progress in boosting up mine supply..this year global uranium production probably down again because of operating problems..while you getting some price response in terms of supply, a little bit of reactivation of shut-down mines, expansion of existing ones, usually long lead times between rising prices of uranium and actually getting a new mine onstream..couple of small projects but quite small relative to overall demand picture..we are expecting uranium prices currently at $72 to end next year at ~$85-90
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