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Uranium's Oversupply
Last time uranium was oversupply, it was actually a surplus. The issue was that there had been some force majeure situations and some utilities panicked and they paid any price just because they once pure supplied. So you're not going to have a 500 million deficit because nuclear is like 10% of world's electricity. But these mines, the day you decided to start it up, it takes two, three years to started it up,. It's inevitable. And I've in it three months now burning a whole network over yet. "It's more a question of when than if," he says.