Nuclear energy trends in the US are bullish for uranium –Citi

Source: Shutterstock, Market Index Stocks in article

MktCap:

–

MktCap:-MktCap:-MktCap:-MktCap:-MktCap:-MktCap:-MktCap:-MktCap:-MktCap:- Commodities in article Uranium Share article Facebook X LinkedIn Copy Link Key Points The uranium price experienced a massive surge in 2023 and early this year, but has since pulled back Major broker Citi believes there several are short and long term reasons to remain “tactically bullish” on uranium The growing AI and data center themes are likely to increase the demand for power in the USA, and this will support greater demand for US nuclear energy 2024 has been the year of commodity mega-themes: gold, silver, copper, and of course, uranium. Each has captured Aussie investors (and cash) at one time or another this year.As the prices of each of the commodities listed above start to neutralise after massive run-ups, the price of uranium arguably is starting to do more than just neutralise – it’s potentially starting to fall. […]

Click here to view original web page at www.marketindex.com.au

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.