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Uranium struggle continues

The long-term uranium story has been told well in the past few years. Every nuclear-themed panel at mining conferences has started off with China’s future demand, talked about the amount of supply underwater at today’s prices and hinted that US utilities were set to lead the sector turnaround.

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Reactor reaction: When will the uranium market turn around for the better? (photo: Peretz Partensky)

This year’s panel at Mines and Money London was no different, but it pitted three uranium bulls against a trader thinking about the here and now, which made for a heated discussion.