TSX:EFR - Post Discussion
Post by
spurwing2 on Dec 15, 2021 11:56am
Funds are Locking up Physical Supply:
Nuclear power continues to rise in popularity among legislators and business leaders, as well as the general population. Nearly 60% of Americans now “totally support” nuclear energy. Global nuclear power capacity is expected to grow 40% over the next two decades as Europe and China roll out their own plans for hundreds of new reactors. That bodes well for uranium prices, which have risen through most of 2021. Funds like Sprott and Yellow Cake exacerbated this price action, pouring hundreds of millions of dollars into locking up physical supplies for the long-term. Those kinds of purchases are expected to continue into 2022.
$URNM,
$CCJ,
$SRUUF,
$UUUU,
$URG
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