In this discussion at Tribeca’s Future Facing Commodities conference, industry leaders from ASX-listed uranium companies offer bullish predictions for spot prices amid an anticipated bull run. Elevate Uranium’s Murray Hill, Global Uranium and Enrichment’s Andrew Ferrier, CFA, and NexGen Energy’s Stacey Golokin are tipping prices to soar, with forecasts ranging from US$150 to US$175 per pound.
Portfolio Manager of Tribeca Nuclear Energy Opportunities Strategy, Guy Keller, highlights the deficit in the uranium market out past 2030, fueled by a surge in nuclear reactor construction and dramatic underinvestment in exploration. Despite uranium’s outlawed status in many regions, the panel emphasizes that its pivotal role in decarbonization is driving acceptance globally. Moreover, they cover how Small Modular Reactors (SMRs) presents a new frontier, with innovations in enrichment technology paving the way for enhanced uranium production.
Read more about their insights here: Uranium miners still have eyes on sky high price as yellowcake deficit emerges