5 biggest uranium stocks – and 5 more you haven’t heard about yet

The uranium mining sector, which faced a significant downturn following the Fukushima nuclear accident in 2011, is showing signs of revival. This resurgence is driven by the growing global focus on climate change and the need for cleaner energy sources.

As nuclear energy gains renewed interest, especially from key political figures in the United States and rapid infrastructure developments in China, the demand for uranium is on the rise. The spot price of uranium recently surpassed US$65 per pound, marking its highest level since the Fukushima incident.

Estimates suggest that by 2030, the world’s nuclear reactors will require 79,400 tonnes of uranium, a substantial increase from the 62,500 tonnes needed in 2021.

The uranium market, however, also exhibits a similar of level complexity to the oil industry, where major producers such as Kazakhstan and Canada adjust production levels to influence prices. Therefore, the sector is likely to experience steady, incremental growth rather […]

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