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 […]

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