Uranium prices will keep rising, Neal Froneman predicts

Uranium prices will keep rising, Neal Froneman predicts

Uranium rose to trade at its highest levels since 2014 on Thursday, as mining house Sibanye-Stillwater emphasised its commitment to capitalising on the commodity’s run, with CEO Neal Froneman predicting the metal’s continued rise.

Sibanye-Stillwater is gearing up for a future beyond the platinum group metals (PGMs) boom, pinning its hopes on advancing green metals into its portfolio as a way to create shareholder value and demonstrate to investors its commitment to cleaner energy sources.

The group is also putting a strategy in place to develop its uranium assets in anticipation of nuclear power playing a major role in global energy due to it emitting no carbon.

“Uranium has been identified and has always been a green metal. As the world become more sensitive to CO ² emissions, nuclear energy has emerged as an alternative, zero carbon-based generation option, to complement renewable energy,” Froneman said at an investor presentation on Thursday.Uranium is […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet