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The uranium bull market is just getting started, but it could get “completely out of hand” before it’s over.
From a demand perspective, utilities are captive buyers that need to get their hands on the fuel, said Adam Rozencwajg of Goehring & Rozencwajg. Meanwhile, supply is expected to remain tight for the foreseeable future.
“As of today, I think that a price spike is very likely,” he said. “I think that it’s entirely plausible to see uranium at US$300 in a spike.”
This interview was filmed on September 29, 2023.
#Investing #Nuclear #Uranium
0:00 – Intro
0:28 – Uranium history, 1940s to present
7:45 – Market could get “out of hand”
11:08 – Key factors driving uranium demand
14:26 – Kazatomprom’s production boost
16:58 – Incentive prices for new supply
20:12 – Supply-side elements to watch
24:06 – Price outlook and investor strategies
29:11 – Final thoughts from Adam
32:36 – Outro
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