Barrenjoey says the possibility of a shortfall in uranium supply and a growing acceptance of nuclear energy will make the commodity more expensive, upgrading its price forecast from $US80 to $US90 a pound.
In a note to clients authored by the broker’s head of metals and mining research, Glyn Lawcock, Barrenjoey said the uranium market had gained renewed momentum due to a combination of signals of increased demand and persistent supply side constraints.
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