Some interesting discussion by the Market Maven (Gwen Preston)...

Some interesting discussion by the Market Maven (Gwen Preston) on catalysts for Uranium.


Preston said the spot uranium market “is pretty dry”, with some utilities even having trouble sourcing it.

The United States needs baseload power for its green future, and that has to come from nuclear energy, but the US doesn’t want to rely on Russian uranium feedstock.

“Over the last few years there's been a significant push from US government to become independent on nuclear,” she said.

“That means supporting domestic uranium mining and recently a big announcement on supporting uranium processing into fuel because guess what? Russia controls that as well. And that's also really amping the market, because not only is there not enough supply, there's even less supply if you limit yourself to non-Russia Kazakhstan supply. So it's like a stranglehold and there's no quick answer to it.”


Cheers

These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.