Charlie Long, resources analyst at Beaufort Securities, identifies uranium as one of the smart investment opportunities in the commodity sector. It won’t be a short-term game, but the fundamentals for the turn in the market are all there. After Fukushima, uranium has entered the longest bear market ever, with prices falling to a low of $18 a pound. It is now trading at $21-22 a pound. How long will it take for uranium to make a comeback?

China is moving ahead with huge nuclear power expansion, similar to Japan with its plan to restart 26 of the 57 reactors turned off after Fukushima. Furthermore, Kazakhstan has undergone production cuts, reducing supply to the spot market. EU has energy security right at the top of its agenda. Berkeley Energia (LON: BKY) is one of the most prominent names with exposure to European uranium and one of the few listed on the London market.

One of its key assets, the Salamanca mine, is in construction and has, on a global scale, very competitive production costs, great infrastructure as well as full support from the European Commission. 2018 is expected to be the tipping point for the uranium market, driving prices up. Talking about gold, Charlie discusses prices going up and mentions Hummingbird Resources (LON: HUM) with profitable production from its gold mine in Mali for next year.