Palisade Capital continues its uranium themed videos and in part three of the series Daniel Major discusses the latest market conditions and why he sees it on an upward trend. He argues that steady growth continues in nuclear energy production and reactor builds. Uranium producers have been holding back production, and there is a reduction in supply in the secondary market. Many utilities still have inventory, but they are declining as contracts unwind. He says, “There is a lot of factors that will squeeze the price higher.”
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