The Conversation (0)
Rob Chang Interview: Small Uranium Equities, Major Players
May. 09, 2012 03:26PM PST
Energy InvestingBusiness Insider reported an interview with Rob Chang and the Energy Report in which Chang said small uranium equities are attracting big players in the industry.
Business Insider reported an interview with Rob Chang and the Energy Report in which Chang said small uranium equities are attracting big players in the industry.
Rob Chang said:
The three primary mines that are coming online that are expected to meet upcoming demand are Cigar Lake in the Athabasca, run by Cameco Corp. (CCO:TSX; CCJ:NYSE), the expansion of Olympic Dam by BHP Billiton Ltd. (BHP:NYSE; BHPLF:OTCPK) in Australia and the Imouraren mine that’s run by AREVA (AREVA:EPA) in Niger. Together, these make up the bulk of the upcoming supply that’s theoretically supposed to balance the increase in demand. That’s assuming the World Nuclear Association’s best-case scenario, as presented last year, unfolds. Demand may be lower or higher, but it does take into account the shutdowns in Japan and Germany.