DF News Desk
print Pixabay File Photo. Uranium prices have soared to 15-year highs as major tech companies like Google, Amazon and Microsoft strike deals for nuclear power to meet the rising energy demands of artificial intelligence and data centers, reported Xinhua.
Nuclear fuel is trading at 83.30 U.S. dollars per pound (about 0.45 kilogram) as of Thursday, a level not seen since 2007, as miners struggle to keep pace with growing demand. The International Energy Agency (IEA) predicts nuclear electricity generation could nearly triple in North America by 2050.
"With global uranium supply lagging behind demand, the market will likely see higher prices," John Ciampaglia, CEO of Sprott Asset Management, told MarketWatch. Sprott operates a physical uranium trust and other funds that invest in miners.Kazakhstan, which typically supplies over one-third of the world’s uranium, has slashed production due to shortages of key mining inputs, Ciampaglia noted. Other major producers like […]
Click here to view original web page at www.dailyfinland.fi
Posting Guidelines
- Do contribute something to the discussion
- Do post factual information, analysis and your view on company valuations
- Do disclose if you have an interest in a security
- Do take our Terms of Use seriously
- Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
- Do not complain about a post unless you have reported it first, and not on the forum.
- Do not post financial advice
- Do not advertise or post sponsored content
Get involved!
Get Connected!
Come and join our community. Expand your network and get to know new people!
Comments