TSX:FCU - Post Discussion
Post by
Greenday on Jun 12, 2024 11:57am
Morgan Stanley Predicts A Rise In Uranium Prices
The latest report on nuclear power from Morgan Stanley follows a similar upbeat research note earlier this month from Citi, another investment bank, which focused on the potential for the uranium price to continue rising strongly from its current $82 a pound, averaging $99/lb this year and $110/lb next year.
“In the longer term, uranium prices will continue to rise to $115/lb in the next three years, potentially breaching the 2007 high of $146/lb.
In the field of electricity supply Citi said it believes the existing fleet of U.S. nuclear reactors can increase generation capacity thanks to higher baseload demand and power prices.
The total capital requirement of a nuclear revival has been costed at between $1.5 trillion and $2.5 trillion out to the year 2050.
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