Supply constraints point to uranium rebound

Steel Guru reports on the uranium price trend.

The market news is quoted as saying:

Mr Amir Adnani CEO of Amex listed miner Uranium Energy Corporation saids that “Supply and demand fundamentals don’t tell us we should be writing an obituary for the industry any time soon.”

Mr Adnani who was visiting Switzerland said that sentiment is bad now because of events, but nuclear energy still has an important role in the 21st century. As the crisis around the Fukishima Daiichi reactor unfolds, many countries have begun to re examine their nuclear policy. Switzerland has a moratorium on nuclear new builds while Germany has closed for three months all reactors opened before 1980.

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