7 Nuclear and Uranium Stocks to Power Up Your Portfolio

Thanks to supply-demand issues, uranium prices are at 16-year highs . And they’re not likely to come down any time soon, creating an opportunity for beaten-down uranium stocks.

To start, one of the world’s biggest producers of uranium, Kazatomprom just said, “It will produce only 80% of its permitted maximum uranium output allowed under Kazakh subsoil usage contracts, instead of the previously announced 90% level,” as noted by S&PGlobal.com .

“The company had warned in a Jan. 12 statement about the potential to not meet the previously indicated 90% level due to the sulfuric acid issue and delays in completing construction works at newly developed [uranium] deposits.”

On top of that, demand is strongly rebounding. Especially with 22 countries – including the U.S., Canada, the UK, and France – pledging to triple their nuclear capacity by 2050 . Fueling further upside, uranium miners are struggling to get uranium out of the ground […]

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