David Talbot, vice president and senior mining analyst for Dundee Capital Markets, recently spoke with the publication Energy Report regarding green energy and the state of the uranium market.
Talbot said that in terms of both supply and demand, uranium is currently stable, but acknowledged issues on the supply side that include disruptions and delays in projects.
On the demand side, Talbot said growth in uranium demand is expected as nuclear reactors are constructed globally. Talbot said there are 64 currently under construction and an additional 154 in the planning stages.
Talbot also said the way the utilities are contracting uranium purchases will be a factor in the growth of the industry.
Talbot also said nuclear energy is expected to grow as international trends shy away from fossil fuels in favor of cleaner and renewable forms of generation. Talbot said those in the investment arena should focus on multiple forms of generation if they want to invest in the energy sector. Talbot also said different technologies are in different development stages and notes that minerals associated with energy generation include lithium, cobalt and graphite.
The Energy Report is sponsored by Fission Uranium Corp., Mason Graphite, UEX Corp. and Nemaska Lithium.
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