Prices expected to hit US$80 per lb in 2019, on the back of higher demand from utilities
The uptick in uranium prices is again around the corner, but this time analysts are more confident it should happen to keep the demand and supply in check.
“We understand that we have been wrong for a few years, and what we are pointing at now is the fact that global uncovered requirements become pretty large in 2017-2018,” says Cantor Fitzgerald analyst Rob Chang.
“Many analysts, including myself, had been calling for higher prices for a while, but the main reason why that hasn’t happened is because utilities don’t need to buy, they’re satisfied. That will change in 2017-2018, and we believe that there will be increased activity going into that.”
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