Experts Indicating Uranium Prices and Demand Could Continue Its Bullish Run

PALM BEACH, Fla., June 1, 2022 /PRNewswire/ — News Commentary – Experts see uranium prices continuing to rise for the next several years as it has done in the past. In 2021, the price of Uranium reached the highest levels since 2014, driven by numerous external factors. As a key component of nuclear energy, investors continue to bet on increasing demand for uranium as the world looks towards alternative energies. Throughout the year, the uranium spot price rose from around $30 to $42.05 a pound, an increase just shy of 40%. Data supplied by the World Nuclear Association shows that Kazakhstan is by far the largest producer of uranium. Kazakhstan’s mines are responsible for 41% of world supply in 2020. Other major producers include Australia, Namibia, Canada and Uzbekistan. The largest uranium mine is the Cigar Lake Mine, located in the Saskatchewan province of Canada. However, mining practices […]

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