Hey everyone,
Here are some quick insights on the latest trends in uranium and nuclear energy:
- Rising Demand: Global demand for nuclear energy is surging, with states like Tennessee, Virginia, and Michigan pushing for more nuclear initiatives.
- Uranium Prices: Prices have soared to $85.95 per pound, a 68% increase from last year. This is driven by demand, supply constraints, and geopolitical tensions.
-Supply Chain: With Russia producing 35% of the world’s enriched uranium, our supply chain is vulnerable. The World Nuclear Association projects demand could double by 2040.
These were my insights from the research i conducted... i would like to know what you guys think for uranium's future price???