Uranium price surge: It’s all bull

When mining magnate and billionaire investor Tim Goyder spoke to Mining.com.au at Resources Rising Stars in May 2023 he was clear on his stance regarding uranium.

“I’m a uranium bull,” he had told this news service on the sidelines of the Brisbane event.

At the time, the spot price of uranium had only just trickled over US$50 per pound.

The uranium market by that stage was strengthening during Q2 2023, with the spot price increasing from US$50.35 per pound to US$56.20/lb, peaking at US$57.75/lb.Then in December 2023, an equally bullish Terra Uranium (ASX:T92) Executive Chairman Andrew Vigar told Mining.com.au that the price of the heavy metal was on its way to again hitting US$100.When Vigar sat down for a wide-ranging interview at the end of last year, the price was about US$86/lb, which by then was a 56% jump in the spot price year-to-date.Terra Uranium’s Executive Chairman’s comments have since proven […]

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