Rob Chang, Canada metals and mining analyst at Cantor Fitzgerald, told Uranium Investing News what may propel the uranium market out of the current slump and gave his top uranium equity picks.
Articles Tagged "Energy Fuels"
The uranium spot price plunged $1.35 this past week, to $40.90 per pound, as a lack of market activity and reports of new problems with Chinese imports prompted sellers to lower offer prices
Uranium spot prices may be stuck in a slump post-Fukushima, but the nuclear power industry is showing signs of recovery.
An extremely destructive storm in Kazakhstan led to a temporary suspension of uranium mining in the Sozak region.
The ARMZ-Uranium One deal is yet another positive signal that industry heavies know the uranium market is at a bottom and the time is ripe for picking up assets.
Germany's views on the nuclear renaissance may have flipped, but nations like China, France, Argentina, Bangladesh and even oil-rich Saudi Arabia are staying the course.
Industry analysts see early signs of a crucial turnaround for both uranium spot prices and uranium mining shares as the market heads toward a supply deficit.
Uranium market news is slow heading into the holidays, but signs that the world is moving toward increased use of nuclear power are evident.
Energy Fuels Inc. (TSX:EFR) is a Toronto, Ontario based uranium and vanadium mining, production, and development company with production assets located in Utah and Arizona, and standby mines and development projects located in Colorado, Utah, Arizona, and Wyoming.
Uranium miners in the United States are grappling with environmental safety concerns.