"The uranium market appears to have a satisfactory future. Following the secondary uranium supply source, the US / Russian Highly Enriched Uraniun (HEU) down blend programs completion in November 2013, coupled with the post-Fukushima delays to major uranium production projects (such as Areva’s Imouraren and Trekkopje, Mega Uranium’s Lake Maitland and Cameco’s Kintyre and Yeelirrie) suggests future supply will be less robust than anticipated prior to the Fukushima event. This less robust supply, coupled with the remaining strong demand from China, India and Russia has led many industry analysts to predict that supply surplus will trend to a deficit in the coming years with likely beneficial impact on uranium prices."
Heathgate Resources April 2016
AGS Price at posting:
3.2¢ Sentiment: Hold Disclosure: Held
