Uranium Price Headed for $50 in 2014, Taking Stocks Higher
September 13th, 2013 by resourcenewsreport
SOURCE:[The Energy Report] – The stubborn spot price of uranium has frustrated market watchers for the past year. But that’s not the whole story. As most long-term contracts have been made at higher prices, astute investors have been slowly moving into the stocks of uranium producers and explorers in anticipation of the delayed commodity price move expected in 2014. In this interview with The Energy Report, Cantor Fitzgerald Canada Metals and Mining Analyst Rob Chang explains what lies ahead and how the turnaround in the uranium market will benefit the companies he thinks investors should focus on for maximum profits.
The Energy Report: During your last interview in January, you, along with many analysts, were expecting that 2013 was going to be the turnaround year for the uranium market. With the current price hovering around $35 per pound ($35/lb), what’s it going to take to get this market moving?