Fundamentals are in favor of uranium, which should see prices recover in 2020, said Amir Adnani, president and CEO of UEC. “We should see uranium prices really higher than current levels because demand for uranium is projected to be 190 million pounds.
Production of uranium is expected to be 140 million pounds, so there is a gap between primary supply of production and demand,” Adnani told Kitco News on the sidelines of the Silver and Gold Summit in San Francisco. “This setup will hopefully display stronger price action in 2020.”
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