"One thing is for sure — there’s enough uranium out there. If prices get significantly higher, there’s enough out there that can be put into production to satisfy any gap in the supply/demand equation," said Warren Irwin of Rosseau Asset Management.
Resource investors are giving uranium a lot of attention, but one expert is warning against overly rosy outlooks.
Warren Irwin, president of Rosseau Asset Management, said that with demand set to grow slowly and adequate supply poised to come online at the right price levels, the market is unlikely to see the major moves some have predicted.
"One thing is for sure — there’s enough uranium out there. If prices get significantly higher, there’s enough out there that can be put into production to satisfy any gap in the supply/demand equation," he said.Looking first at demand, Irwin said there is an install base of 450 nuclear reactors, with an […]
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