In his view, it was the recent coup in Niger that woke market participants up to that growing imbalance.
However, there are many more market dynamics at play, and together they’re likely to push prices much higher long term.
‘I believe the market’s going to continue to improve over time, (but) I expect tremendous volatility based on news,’ he said. ‘There’s a tug-of-war on the price right now — it seems like it’s plateaued. But I think it’s got considerable room to run.’
Watch the interview above for more from Cash on the uranium market and Ur-Energy’s future plans.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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