The Conversation (0)
Low Prices, Oversupply Make for Good Uranium Acquisition Environment
Jul. 25, 2013 04:52AM PST
Energy InvestingCNBC reported that, despite low prices and a current over-supply, many are banking on a uranium turnaround.
CNBC reported that, despite low prices and a current over-supply, many are banking on a uranium turnaround.
As quoted in the market report:
With the uranium prices falling so low post-Fukushima, they are well below the economic incentive level needed to see new mine construction,” said Amir Adnani, CEO of Uranium Energy Corp. As mines struggle because of the low prices, now is the time to buy them, Adnani said.