John Cash, CEO of Ur-Energy (TSX:URE,NYSEAMERICAN:URG), spoke to the Investing News Network about uranium’s recent price rise and where the commodity could go in the future as demand rises and supply stays tight.
In his view, it was the recent coup in Niger that woke market participants up to that growing imbalance.
However, there are many more market dynamics at play, and together they’re likely to push prices much higher long term.
“I believe the market’s going to continue to improve over time, (but) I expect tremendous volatility based on news,” he said. “There’s a tug-of-war on the price right now — it seems like it’s plateaued. But I think it’s got considerable room to run.”
Watch the interview above for more from Cash on the uranium market and Ur-Energy’s future plans.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
From Your Site Articles
Related Articles Around the Web
Credit: Source link
