When uranium booms, it will boom for a long time

Uranium bulls predicting a breakout in 2023, driven by an accumulation of positive news since 2019

“There are some very high price scenarios that need to be taken seriously”: Bannerman Energy’s Brandon Munro

Munro says the uranium bull market will likely to be more sustained than other high-flying commodities

For years, uranium was the world’s worst performing commodity.It hit the skids in 2007, just after the spot price peaked at $US143/lb, and was helped along its way by the Fukushima power plant disaster in Japan in 2011.But since ~2018, the sector has been running at a structural deficit.Large uranium inventories, one of the reasons prices stayed so low, were running down and after years of low prices no one had meaningfully invested in new supply.In 2019, former managing director Mike Young of Vimy Resources – recently acquired by fellow project developer Deep Yellow (ASX:DYL) – said “if the [uranium] […]

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