Video News/New Orleans Investment Conference 2024
Uranium deficit looms: Scott Melbye on supply crunch and rising prices
Russia’s uranium export ban has rocked global energy markets, exposing critical vulnerabilities in U.S. energy security. Scott Melbye, Executive VP of Uranium Energy Corp (UEC), discusses the urgent need for a robust domestic uranium fuel cycle to reduce reliance on foreign suppliers like Russia and Kazakhstan. With uranium prices already breaching $100 per pound and a 50-million-pound supply deficit, Melbye explores how the U.S. can respond to growing nuclear energy demand. Melbye also highlights UEC’s leadership in North American uranium production, from restarting mines in Wyoming and Texas to advancing the Rough Rider project in Canada. He outlines the role of nuclear energy in powering the green transition, the rise of small modular reactors (SMRs), and the potential impact of President-elect Trump’s pro-energy policies. This is a must-watch for insights into the future of uranium, energy security, and the nuclear power industry. This video is brought to you by Uranium Energy Corp (https://www.uraniumenergy.com/, https://x.com/uraniumenergy) and U.S. GoldMining Inc. (https://www.usgoldmining.us/, https://x.com/USGoldmining)
Guests: Scott Melbye
Source: Kitco News
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