3 Uranium Stocks to Scoop Up After the Latest Supply Warning

Along with lithium , uranium (UXJ24) has emerged as one of the most critical minerals of our times. With widespread applications in sectors like energy , medicine, industrial, and military, the global uranium market size is projected to touch $11.39 billion by 2030 . Moreover, a report by Statista indicates that global demand for uranium will be 209 million pounds by 2035 – and that the supply of uranium is expected to drop over time.

And this sentiment is shared by the world’s largest uranium company, as well.

Kazatomprom (NATKY) , which produced 11,373 metric tons of uranium in 2022 (out of Kazakhstan’s total of 21,227 metric tons), sent spot uranium prices soaring when it said last week, "In the current pricing environment another Kazatomprom-sized supply source will be needed to cover future market needs." This comes on the heels of the company’s cautious note earlier in the year, when it […]

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