Uranium Q2 & Q3 2013

Uranium Q2 & Q3 2013

The current US$35 spot price is below the cost of some current production and provides no incentive for new supply.

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This period of short-term pain will likely last for another couple of years. During that time, similar to other commodities, uranium producers and explorers are hunkering down, focusing on cost management and delaying new supply.

The longer-term fundamentals remain strong off the back of nuclear fleet growth in China. The mega trends of population growth and urbanization support increased electricity demand. Nuclear remains a strategic part of the world’s energy mix.

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