Uranium to Double?Will we see the spot price of Uranium double in 2017? Lots of experts feel it will. Several reasons why, but supply is always one of the most important.
"Right now, existing nuclear reactors use 174 million pounds of uranium every year. That will increase by a dramatic one-fifth with the new reactors under construction. But in the meantime, uranium producers have reduced output due to market prices and put caps on expansion. As a result, supplies are dwindling".