|3/28/2017 by mdc|
|Jocelyn Aspa reports that it is certainly been an interesting start to the year for the uranium industry. 2017 kicked off with Kazakhstan January announcement that it will be cutting production by 10%, 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 announcement has impacted the uranium price, and shares his thoughts on whether there will indeed be a price recovery in 2017.
Other highlights of the conversation include:
1. how the Iran request to buy 950 tonnes of uranium concentrate from Kazakhstan will help the industry,
2. how the Cameco announcement that it is looking to sell its U.S. mines will impact on the sector,
3. how the new administration may impact the uranium market, and
4. Chang is watching closely a few particular uranium companies with projects that will benefit from rising prices.
Below is a transcript of the conversation with Chang. To listen to the interview, see the audio.