Mineweb reported an interview with David Sadowski and the Energy Report where Mr. Sadowski said he sees the price of uranium spiking in 2013 on ever increasing demand.
Raymond James’ Analyst, David Sadowski said:
We’re definitely bullish on the outlook for uranium. Although prices have softened in recent months, we have a very strong conviction that this trend is soon to reverse and investors should be exposed to uranium today. Beyond the high incentive prices for new supply that we just touched on, there are three primary reasons for our view. The first one is compelling supply/demand fundamentals. Next, there is the seasonality of uranium prices. And, most importantly, there are industry catalysts.