NYSEAM:UEC - Post by User
Post by
ReactorOPon Jul 10, 2023 2:19pm
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Post# 35533954
Too many False starts
Too many False starts It would seem with Uranium languishing since 2011 and all the false starts in the last few years that nobody is going to believe in a structural shortage of Uranium until it hits them between the eyes. I would have thought that China building a 100 GW of Nuclear Generation and their not too subtle cornering of Kazatomprom’s Uranium production for a decade might get people to believe. The thinness of the spot market doesn’t seem to encourage investors either. Cameco production sold out out for the next 5 or 6 years worries nobody. I believe the shortage is here and I believe that miners will have a hard to time to meet demand. Getting Uranium mines up and running is just so slow regardless of the price of the commodity. We have had a glut for a decade and now thanks to global warming And the need for carbon free energy I believe the shortage is at hand and be around for the foreseeable future.