Fundamentals of uranium market ‘strongest seen in living memory’: Boss
Boss MD Duncan Craib says the near term miner has been ‘inundated’ with offtake offers from utilities
Uranium price will overshoot to the upside, Craib says
“I can honestly tell you the fundamentals of the uranium market are the strongest I’ve seen in living memory,” opined Boss Energy (ASX:BOE) boss Duncan Craib to the crowd at Diggers & Dealers.“New production is needed, and that is where Boss is on target to deliver into a rising market.“There is no doubt in my mind that the price is going to overshoot in response to this currently forecast supply deficit.”Craib wouldn’t be drawn on how high the uranium price could go, but said market fundamentals looked better than they did in the 2000s, when yellowcake briefly spiked above US$143/lb.“Demand is growing and mobile inventories are now significantly lower than they were in […]
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