Competition heats up among Anglo Pacific, Cameco and Yellow Cake

Competition heats up among Anglo Pacific, Cameco and Yellow Cake

The share prices of uranium players such as Anglo Pacific, Cameco and Yellow Cake have gained major traction so far this year. As winter approaches, the need to keep up with global energy demand is prompting many countries to shift focus back onto nuclear, signalling positive movement for shareholders in the industry.

The energy crisis has put uranium stocks in the spotlight, which has fuelled a rise in the share prices of Anglo Pacific [APF.L] , Cameco [CCJ] and Yellow Cake [YCA.L] in recent weeks.

Belgium and Germany have delayed their prior plans of phasing out nuclear plants and French power group EDF [EDF.PA] is under pressure to restart its nuclear reactors. The UK, meanwhile, is investing in the hope that small modular reactors designed by Rolls-Royce [RR.L] will be a crucial part of its future energy mix.

A nuclear resurgence will lead to more competition for a finite supply of uranium, […]

About the author: StockMan

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