Paladin Says Uranium Demand Will Exceed Supply After ‘Kick in the Teeth’

Paladin Energy Ltd. (PDN), a Perth-based company producing uranium in Africa, said the Japan nuclear crisis has “obscured the positive underlying fundamentals” in the industry.

Uranium demand is likely to exceed supply, Paladin Chief Executive Officer John Borshoff said today on a conference call. While the industry has “taken quite a spectacular kick in the teeth,” the impact is expected to be “minimal,” he said.

To contact the reporter on this story: James Paton in Sydney at jpaton4@bloomberg.net

To contact the editor responsible for this story: Tim Smith at tsmith58@bloomberg.net

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