Uranium Energy Corp UEC

Too many False starts

[ReactorOP]

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.

[Edrusty1]

So do you think to little U is being contracted so the price is not going up, or there's enough supply out there to meet demands so the price is not going up? For me it's a bit odd the price is relatively stable just below where it would be profitable for many to produce/increase market supply.

[ReactorOP]

I believe China is manipulating the spot price . They have a vested interest in keeping it low because Long Term price for some reason is tied to the spot price. China is a manipulator in many commodities. Uranium is probably the easiest to manipulate. Once there needs are taken care of for a while the shortage will be abundantly clear. I read that a lot of senior executives of Kazatomprom quit

[Edrusty1]

Interesting theory. Are they contracting large amounts and selling back small into the spot market to keep it depressed?