In his view, the market has only reached its third inning, meaning the story is nowhere near over. While investors will need to be more selective, Finegold remains bullish on the uranium spot price and sees uranium stock opportunities too. <\/p>\n
\u2018You\u2019ve got the supply side as fragile as it is, and you\u2019ve got demand really starting to kick into gear over the next decade. And then you can throw (small modular reactors) into that story, you can throw \u2026 all these bells and whistles on top. And you start to realize that it is a unique, quality story vs. anything else,\u2019 Finegold said during the interview.<\/p>\n
Honing in on the US\u2019 ban on Russian uranium imports, which was signed into law in mid-May, Finegold said it\u2019s probably one of the most significant events for the uranium market since Russia\u2019s invasion of Ukraine. <\/p>\n
However, while it\u2019s a powerful mechanism for incentivizing US uranium mining and fuel cycle investment, he said the market is still waiting to see exactly how the ban will impact the fuel cycle. Finegold also said he believes there\u2019s a fairly strong possibility of a counter-ban from Russia, noting that Russia has little reason to keep supplying the US. <\/span><\/p>\n Leading up to the ban, US utilities were hesitant to sign contracts due to the uncertainty with Russia. With that now largely out of the way, Finegold expects these entities to step up to the plate. \u2018I think that we\u2019re going to start to see a move much higher both in terms of term volume and in terms of term prices,\u2019 he said. \u2018Fuel buyers have got the clarity that they need, particularly in the west now on the US\u2019 stance on the future procurement of Russian uranium.\u2019 <\/p>\n He doesn\u2019t believe investors have missed the boat on uranium, but he encouraged caution in today\u2019s market. <\/p>\n \u2018I think we\u2019re entering a new paradigm for the market, certainly in terms of geopolitics, in that the market is bifurcating \u2014 it feels like more and more everyday,\u2019 Finegold said as the interview wrapped up. \u2018It was a bifurcated market five years ago, and it\u2019s being exacerbated week on week. We\u2019re starting to see this real divide between the east and the west in terms of production, who\u2019s selling to who, (and) in terms of power plant construction, who\u2019s willing to work where.\u2019 <\/p>\n Watch the interview above for more of his thoughts on uranium, including supply, demand and pricing.<\/p>\n Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n In his view, the market has only reached its third inning, meaning the story is nowhere near over. While investors will need to be more selective, Finegold remains bullish on the uranium spot price and sees uranium stock opportunities too. \u2018You\u2019ve got the supply side as fragile as it is, and you\u2019ve got demand really […]<\/p>\n","protected":false},"author":0,"featured_media":5160,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/5159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=5159"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/5159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/5160"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=5159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=5159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=5159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}