BHP marketing vice-president Vicky Binns said last week that uranium markets would remain oversupplied for close to a decade, with "downward pressure" remaining on uranium prices despite Cameco's production cuts.
Ms Binns said demand for uranium could outstrip supply by the late 2020s as consumption rises in Asian nations, particularly China.
But that picture could change, she said, if developed nations closed their nuclear power stations earlier than expected, or if renewables took a larger than expected market share.
Further expansion of Olympic Dam is a risk for the uranium market, given the mine's uranium output is less sensitive to uranium prices than production from pure-play uranium mines.
Read more: http://www.copyright link/business/...uranium-markets-20171204-gzyr8s#ixzz50R1a6gAx
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I reckon you'll be able to buy sub 5c for a while yet.
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6 | 1111700 | 0.024 |
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3 | 800000 | 0.020 |
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