Video by Resource Talks via YouTube
Source
Per Jander, physical uranium expert and trader for WMC energy (SPUT’s physical uranium trader), joined me for a conversation about where uranium has gone over the last couple of years, where it might be headed, and what we might be missing when it comes down to the physical side of the uranium market.
Timestamps
00:00 Important note
00:55 Who is Per Jander?
02:50 Why go from Cameco to fuel buyer?
05:10 1,000,000,000 lbs of Uranium in a Shack?
06:50 How much inventory is there out there?
07:50 How are the Chinese buying uranium?
10:20 Is uranium a buyer’s market?
12:20 Why hasn’t the shortage been obvious yet?
14:10 Are the Japanese coming back into the market?
18:30 Why aren’t utilities panicking?
21:20 How does the buying start?
23:15 Enrichment & conversion are spiking, what does that mean?
26:15 Replacement rate contracting in 2023?
29:30 Do utilities pay attention to macroeconomics?
31:40 Do utilities count on the uranium spot market?
39:30 Uranium is below $50, will it stay there?
43:15 What’s the Per Jander ceiling?
48:20 Did Per expect the price to move higher?
50:45 Why isn’t the market moving like "it should"?
53:00 What matters most in uranium right now?
56:40 What’s the biggest challenge for uranium?
01:07:00 What could be a bear thesis for uranium?
01:11:00 Does Per invest in uranium stocks?
01:16:30 Closing thoughts
Was there something wrong with what the guests said? Did I fail to ask an important question? Did I make a mistake? Is my hair ugly, my voice stupid, and my face misaligned? Please tell me about it. Criticism and skepticism are highly welcome and help me learn. Thank you.