UEX Corp fka UEX

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VERY SUCCINCT article from the Mining Journal

The Mining Journal

He remains bullish on a rising tide for uranium. "The results of discipline are coming. You cannot take 70Mlb off the market and expect nothing to happen. There is a rebalancing taking place right now."

And then there is this.

"You cannot have a 200Mlb/y global uranium market contracting only 25-40Mlb in a given year. The utilities are building up a bigger liability for purchasing in the future, like the contracting that took place in 2007 at the top, which is still serving companies like Cameco today.

"However, those contracts are rolling off now, and utilities continue to buy on spot or engage in short-term contracts. We think the final outcome of the working group's review will potentially trigger a return to long-term contracting."