Diggers & Dealers 2021: Depressed uranium market ‘on the cusp of recovery’ on climate change urgency, says Boss Energy

Diggers & Dealers 2021: Depressed uranium market ‘on the cusp of recovery’ on climate change urgency, says Boss Energy

The mine is 80km northwest of Broken Hill, near the SA/NSW border. The uranium industry is “on the cusp of recovery” after a long period of post-Fukushima depression, a mining executive says, predicting prices could “go ballistic” as the world re-embraces nuclear power in the push to mitigate climate change.

Boss Energy chief executive Duncan Craib told the Diggers & Dealers Mining Forum in Kalgoorlie-Boulder on Wednesday there was “a hell of lot of activity going on off-market” and predicted uranium oxide prices would rebound strongly, with the spot price sitting at $US32.50 per pound currently, up from below $US28/lb in March.

The company holds the Honeymoon mine north-west of Broken Hill in South Australia, which was mothballed in 2014 when uranium prices had tanked in the wake of the 2011 disaster in Japan.

Boss says Honeymoon is one of a few advanced uranium projects ready to take advantage of market improvement, […]

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