It’s certainly been an interesting start to the year for the uranium space. 2017 kicked off with Kazakhstan’s January announcement that it will be cutting production by 10 percent, and since then hopes for a price turnaround have been running high.
While in Toronto for the Prospectors & Developers Association of Canada (PDAC) conference, the Investing News Network (INN) had the opportunity to catch up with Rob Chang, managing director, head of Canadian metals and mining research, at Cantor Fitzgerald.
In the interview, Chang discussed how Kazakhstan’s announcement has impacted the uranium price, and shares his thoughts on whether there will indeed be a price recovery in 2017. “I certainly do see a price turnaround,” he said.
Other highlights of the conversation include:
- how Iran’s request to buy 950 tonnes of uranium concentrate from Kazakhstan will help the industry
- how Cameco’s (TSX:CCO,NYSE:CCJ) announcement that it is looking to sell its US mines will impact on the sector
- US President Donald Trump’s impact on the uranium market
- companies with projects that he’s excited about
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