Mid-Term Uranium Price Outlook Is Positive

Mining Weekly reported the mid-term outlook for the uranium price remained positive, as project deferrals could lead to a tighter market, according to Resource Capital Research.

RCR’s Managing Director, John Wilson said:

There is potential for a supply gap to open up in the uranium market mid-term, due to declining supply from existing mines, deferral of new mining projects, the anticipated reduction in secondary supply with the termination of highly enriched uranium at the end of 2013, and ongoing demand growth.

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