bullish
Uranium: Asymmetry at its Finest
SUMMARY
- What you need to know: We are expecting demand for uranium to scale upward over the next 5+ years due to decarbonization and energy security trends
- Limited brownfield projects and the lack of incentive for greenfield projects at $50/lb U3O8 will create a supply/demand imbalance
- The new utility contracting cycle and Sprott Trust will continue to create price momentum for spot uranium While demand for uranium continues to progress higher due to shifting government policies to meet decarbonization goals and the newfound focus on energy independence, spot prices remain too low to incentivize new production.
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