Here’s what the year ahead might look like for ASX uranium shares

Here’s what the year ahead might look like for ASX uranium shares

Without a doubt, 2021 has been a triumphant year for ASX-listed uranium shares. To illustrate, many companies with exposure to the silvery-grey metal have surged 100% or more in value this year. The heightened concerns of climate change have nudged governments to take their emission targets more seriously. In turn, countries are beginning to see nuclear energy as a key piece in the net-zero carbon emissions puzzle.

At the same time, uranium supply has been uncertain following years of low prices. This has made many operations uneconomical in the past. However, as the supply and demand dynamics have come into effect, the price of uranium has rallied in response to higher demand.

While it can be useful to understand the past, investors of ASX uranium shares are likely now looking at what next year could bring for their investments. Mixed outlook for ASX uranium shares

Unfortunately, no one has a crystal […]

About the author: StockMan

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