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The equilibrium price of uranium, or the price at which miners will be incentivized to resume or increase production, is around $60 a pound.
Mart Wolbert, founder and author of the Contrarian Codex Newsletter, told David Lin, anchor for Kitco News, that the price is likely to surpass that equilibrium level in 2022 due to favorable demand and supply fundamentals.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Mart Wolbert on Twitter: @Yellowbull11 (https://twitter.com/Yellowbull11)
0:00 – Recent uranium price performance
7:00 – Uranium price over last 10 years
8:29 – Uranium supply
10:15 – Equilibrium price/outlook
12:00 – Costs of production
12:50 – Key drivers of price
16:06 – Nuclear reactors
#uranium #NuclearPower #investing
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