Global Uranium Production Is Forecasted To Reach 63.16ktu In 2025

PALM BEACH, Fla., June 14, 2022 /PRNewswire/ — FinancialNewsMedia.com News Commentary – Recent history shows that, 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%. Put together, these factors contributed to a strong headwinds and a rally between 1 January and 31 March, as the price of uranium nearly doubled from $30.20 to $58.20 a pound, according to data from Currency.Com. According to a report from ResearchAndMarkets said the global uranium production is forecasted to reach 63.16ktU in 2025, experiencing growth at a CAGR of 5% during the period spanning from 2021 to 2025. The report said: […]

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