“When a commodity market goes into oversupply, you have a whole number of producers that ultimately end up operating or selling at an operating cost well above where they’re selling so they go out of business or they go into care and maintenance and you get a whole lot of buyers, in this case utilities purchasing uranium, who get very comfortable buying very cheaply,” he said.
“Ultimately, we see China just as one large mega corporation which has the ability to set hundred-year policy. When they set policy for thirty years they generally don’t change it and if they do change it, you’re probably going to get about 3 to 5 years warning,” he said.
31st May 2024
8th May 2024
4th May 2024
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