Uranium veteran expects price stalemate to crack in 2019

Uranium veteran expects price stalemate to crack in 2019: "Uranium veteran expects price stalemate to crack in 2019
Yashaswini Swamynathan
3 MIN READ

(Reuters) - Uranium producers’ deliberate cuts to production should finally begin to prop up prices next year as reserves of the rare metal dwindle and nuclear power generators rush to lock-in long-term contracts, according to sector veteran John Borshoff.

Shares in uranium producers briefly rose late last year after the world’s biggest listed producer Cameco Corp and Kazakhstan’s state-run Kazatomprom laid out plans to reduce production to help end a period of low prices dating back to Japan’s Fukushima meltdown in 2011."



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