Resource News, Uranium

Rising uranium demand still can’t outpace supply

From the Globe and Mail

Uranium was all the rage during the last mining boom, when supply shortages spurred investors to drive up the price to record highs.

Instead, in a repeat of a uranium runup in the late 1970s, the hype proved overblown, sending prices down sharply and leaving a glut of the silvery element on the market.

Now, another round of uranium excitement is building as producers, led by such giants as Saskatchewan-based Cameco Corp., are hoping a major nuclear-energy push in places such as China and India will kick-start demand and put an end to three years of falling prices.

Russia also has its own plans for nuclear power domination, which experts say could bring some much-needed structure to a market that has been languishing from oversupply.

That may also help prevent another repeat of the boom-bust cycle, as investors are expected to consider more carefully the latest hype surrounding the radioactive metal.

Read the rest by clicking HERE.