(Cayman Islands) – Kitco News speaks with the CEO of Uranium Energy Corporation Amir Adnani about why he thinks uranium is the commodity to watch. Uranium has had the largest weekly increase since 1996 and is currently trading at its highest level in 18 months, around $42 per pound.
“We’ve seen the price rise now over the last 90 days from under
$30 to $42 per pound, which is a 50% increase,” he says.
Adnani explains how the metal is in a ‘perfect storm’ experiencing supply deficits and increasing demand. Turning to the gold market, as chairman of Brazilian Resources, a mineral exploration company focused in South America, Adnani says he follows the price of gold and says he expects prices to head higher in the next 30 to 60 days. Tune in now to find out how to invest in the uranium markets. Kitco News, November 17, 2014