Biden’s clean energy plan fuelling great expectations for uranium price

HAVE YOU READ OUR LATEST PRINT EDITION? Uranium stands as the coiled spring of the commodities space. At some point, the price of the nuclear fuel is going to take off. That’s the broad expectation out there. Ask around about the commodity to watch in the next 12 months and the answer increasingly comes back as uranium.

AUTHOR: Barry FitzGerald ( Resources: Rising Stars )

Maybe so, but the reality is that at $US32/lb (spot), the uranium price remains well below the $US60/lb price considered necessary to incentivise the investment in new supply required to fill the ever-widening gap between supply and long-term demand.

That’s been the uranium thematic for years. But thanks to Joe Biden, uranium’s coiled spring status is now drawing in more devotees by the day. And that’s because tucked away in his $US6 trillion budget request, there was a strong confirmation that nuclear power is […]

Click here to view original web page at www.miningreview.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.