Matt Badiali is an investor with over 20 years of experience in the natural resources industry. Among the sectors in this industry he is very experienced in are energy, agriculture, and mining. His experience has included working on drill rigs and researching abandoned mines as well as owning some oil wells. As a researcher he has been around the world visiting everywhere from the Yukon to Papua New Guinea to Iraq.
As a senior editor at Banyan Hill Publishing, Matt Badiali shares his research about the natural resources industry. He also has a blog where he shares his insights in the industry. One resource he has his eyes on is uranium. He notes that the price has plummeted for uranium, beginning in 2011. At the beginning of that year it was worth $72.50 a pound while now it’s now about $20 a pound.
— Matt Badiali (@Matt_B_Guru) December 15, 2017
The problem with uranium, he says, is that using it can result in really big disaster like what happened to the Fukushima reactor in Japan when it was hit by an earthquake followed by a tsunami. The water destroyed backup generators which meant that the water used to cool the plant couldn’t get into the core. What resulted was a meltdown of the reactor which is the last thing anybody wants to see happen.Visit Matt Badiali at medium.com to know more.
When the Fukushima disaster happened the demand for uranium started to swiftly drop as countries around the world abandoned their plans to build plants or even closed existing ones, as is what happened in Germany. Matt Badiali says that this resulted in one of the biggest uranium producers, Cameco Crop, to slow its efforts. For more updates, Like the page on Facebook
Now, Matt Badiali says that he has seen the other major uranium producer, Kazatomprom in Kazakhstan, also cut their production. He thinks this is going to result in a huge bull market for uranium. He says that demand is going to exceed supply due to these moves. He has already seen one company in the industry, Uranium Participation Corp., have their stock soar by more than 30% in just six weeks as a result of the contraction of supply.