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UXC President Questions Kazakhstan ‘Hype’ - UXC President Jeff Combs warns that foreign demand may jeopardize the uranium supply for U.S. utilities. He questions the hype over Kazakhstan’s uranium production time table.
UXC President Questions Kazakhstan ‘Hype’

 

PRZOOM - /newswire/ - Sarasota, FL, United States, 2006/05/05 - UXC President Jeff Combs warns that foreign demand may jeopardize the uranium supply for U.S. utilities. He questions the hype over Kazakhstan’s uranium production time table..

   
 
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Ux C president Jeff Combs told StockInterview.com, “The hype might be related more as to whether they can do it as quickly as they say, as opposed to whether they can eventually get to the levels they’re talking about.” Combs went on to say, “They definitely will continue to increase production, but perhaps not at the rates they are advertising. They’ve produced a lot in the past, in the old Soviet Union days. I think they can get back up to those production levels, but it’s going to take some time.”

Combs observed Kazakhstan may have difficulty with its widely announced time table, “One of the things that will slow them down is the infrastructure, including the skilled work force, needed to expand at that rate.” He added, “A large part of it is just the time is takes to build the infrastructure, including training workers. You can have all of the investment in the world, but it still takes time to get things done, especially if the infrastructure isn’t well developed in the first place.”

During the course of his interview with StockInterview.com, Combs discussed uranium prospects in Mongolia and Africa, Russia’s ambitions in the nuclear energy cycle, and the Asian Factor – and how it might impact U.S. utilities.

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Rising uranium prices have begun attracting investors, some of whom weekly follow changes in the spot uranium price by visiting the UxC website. StockInterview.com interviewed Jeff Combs, president of UxC, which posts the spot uranium price to the public every Tuesday night. To read the 2-part interview with Jeff Combs, entitled, “Foreign Demand May Jeopardize Uranium Supply for U.S. Utilities,” please visit StockInterview.com.

 
 
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UXC President Questions Kazakhstan ‘Hype’

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