Uranium demand set to grow, but producers constrained: Yellow Cake CEO

摘要

UK-based Yellow Cake, a physical uranium fund traded in London, expects increased uranium demand in the short and medium term, but producers' ability to increase output is limited, the company’s CEO Andre Liebenberg said July 19. “Demand for uranium looks set to grow as the current global fleet of 443 operating reactors is expanding, with a further 155 reactors under construction or planned, mainly in China, Russia, India and the Middle East,” Andre Liebenberg said in Yellow Cake's fiscal year 2020-21 statement. “For several years, the majority of current uranium supply is thought to have been loss making at prevailing uranium spot prices, disincentivizing investment in new resources even as current mines deplete,” Liebenberg said.