2 big reasons why uranium stocks are due for a hot streak

Uranium prices have surged, increasing by almost 60% since January

Nuclear contributes 400GW of capacity across 32 countries

Demand for nuclear power is expected to increase at an annual rate of nearly 3% by 2035

Demand for nuclear power is on a sharp upward trajectory, tipped to rise almost 3% a year by 2035, as detailed in a recent report from Canaccord Genuity.There are two primary reasons for this: 1. The energy transition – The energy source’s lower carbon intensity versus hydrocarbon-based fuels – nuclear energy contributes around 400GW of capacity to 32 countries, removing some 1.5Gt of global emissions and 180 billion cubic metres of global gas demand a year. 2. Firming capacity – While wind and solar sources are expected to lead the push to replace fossil fuels, they need to be complemented by dispatchable resources. One of these resources is natural gas, another is nuclear power, […]

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