Ukraine ‘a wake-up call’, expect ‘dramatic price movement’ in uranium – Scott Melbye of UEC

Scott Melbye, Executive VP of Uranium Energy Corporation and President of the Uranium Producers of America, spoke with Kitco News journalist Ernest Hoffman at the recent PDAC 2023 mining convention in Toronto, where he said decarbonization and clean energy growth will drive increasing demand for uranium with dramatic moves in price. Melbye also discussed the impacts of deglobalization and Russian sanctions, and the possibility of a bifurcated uranium market with different prices depending on region.

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0:00 – North American uranium
1:58 – Strategic Uranium Reserves
3:46 – Energy Security
4:55 – Uranium supply, demand, and price
9:06 – Ukraine war

#uranium #energy #ukraine
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