Uranium Bulls and Bears Agree to Disagree

Source:

Canadian investment dealer Haywood Securities said in a recent research report the different views of uranium bulls and bears could indicate how future uranium prices will play out.

Uranium bulls believe the recent run in uranium prices is not over yet, while bears say forecasts of a continued strong price and supplier dominated market are too aggressive.

Canadian investment dealer Haywood Securities said in a recent research report the different views of uranium bulls and bears could indicate how future uranium prices will play out.

Bulls argue that the recent run in uranium prices "is far from over" as significant increases in future demand and technical problems at new and existing projects will continue to support high prices.

The primary focus of healthy and increasing demand for uranium was "a growing acceptance of nuclear means for power generation" to meet escalating global needs...

The bullish view also rests heavily on supply considerations, which involve the ability of primary and non-primary sources of uranium to meet current and future demand...

However, the bears say the market has already accounted for production challenges and the uranium price already reflects production problems and delayed starts...

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