impact of labor good for uranium price

We will have an anti-uranium mine federal Environment Minister, it is a bad news for all uranium mine hopefuls in short term.

For hardliners WA and QLD, they have found much needed ally to resist the pressure from pro-uranium camp, but also any new uranium miner's hope has dashed because any new uranium mine requires the sign off from federal environment minister. Even the extension of BHP's Olympic Dams could be in danger.

Nevertheless, on the bright side, it is a great news for uranium spot price because there would be no new uranium mine from Australia as long as the labor is in power. The world need more uranium to be produced in Africa, Central Asia, and America to meet the demand.

So investing in geopolitically stable region overseas is a great bet, such as Namibia, the US, and Canada.