Still, Sadowski is positive on the uranium market long term. His note includes a model of a scenario in which 20 reactors restart over the next four years, and it shows that excess inventories would be slowly chipped away at through to about 2019. If only 10 reactors come online over five years, oversupply will rise, negatively impacting prices. However, even in the latter scenario the situation would be rectified by roughly 2020, leaving the supply shortfall intact.
BLR Price at posting:
0.3¢ Sentiment: Sell Disclosure: Held
