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If uranium supply is increasing, why has the price not collapsed?

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Breakdown

0:00Uranium· ticker

Uranium supply up 50% vs $45 price

  • Supply responded with 4 million pounds/year
  • Kazaks increased production
  • OSPECs increased production
  • BHP Olympic Dam output up
  • Price doubled from $45
0:01lesson

Supply increase vs price movement

  • Supply up 50% vs $45
  • Price keeps moving higher
  • Long-term undersupplied market
  • Supply won't solve demand
0:02NextGen· ticker

NextGen Rook One project

  • Shovels hit ground 2 months ago
  • Feasibility study for largest uranium mill
  • Producing 29 million pounds/year
  • Starts 2031

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