Anfield Energy: Red Cloud Pushes $0.20 Price Target Amid Heightened Uranium Demand

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A recent report by Red Cloud suggests significant growth and positive prospects for the uranium sector, attributing the rise in prices to a combination of factors, including increased public acceptance of nuclear power, improved economics, and the need for a secure supply.

“Given the recent divergence of spot prices and term prices in the uranium market, we introduce LT spot price assumptions of US$120/lb for 2024, US$135/lb for 2025, US$150/lb for 2026 and US$175/lb in 2027,” the report said, arguing that “current uranium prices are still just half of previous highs when considering inflation.”

Red Cloud’s updated uranium price assumptions reflect a bullish outlook, with spot and term price forecasts indicating significant growth potential. The divergence between spot and term prices, reminiscent of the market dynamics observed between 2007 and 2020, underscores the current market volatility and the potential for further price […]

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