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Atomic energy is seeing a major return with the demand for uranium stocks rising, stated Scott Melbye, Uranium Nobility Corp CEO as well as executive VP of Uranium Power Corp.
" Need for uranium and also nuclear generation has reacted back to pre-Fukushima degrees. We have actually seen 57 new activators come online worldwide," Melbye informed Michelle Makori, editor-in-chief of Kitco News.
Uranium is currently trading around $45, as well as a result of this year's "mega-trend," it has the prospective to go in the direction of $100.
" In my 37 years in this market, I haven't seen society truly encountering this sort of a conundrum. Policymakers as well as culture, as a whole, wish to move to cleaner carbon-free energy, but the mathematics as well as scientific research have not precisely built up on how we get there," Melbye claimed.
Follow Michelle Makori on Twitter: @MichelleMakori ()
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Uranium stocks have gone nuclear, here's how to play it
Nuclear energy is seeing a major comeback with the demand for uranium stocks soaring, said Scott Melbye, Uranium Royalty Corp CEO and executive VP of Uranium Energy Corp.
"Demand for uranium and nuclear generation has responded back to pre-Fukushima levels. We've seen 57 new reactors come online around the world," Melbye told Michelle Makori, editor-in-chief of Kitco News.
Uranium is currently trading around $45, and due to this year's "mega-trend," it has the potential to go towards $100.
"In my 37 years in this industry, I haven't seen society really facing this kind of a conundrum. Policymakers and society, in general, want to move to cleaner carbon-free energy, but the math and science haven't exactly added up on how we get there," Melbye said.
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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