Problems in Niger and Kazakhstan have kept production levels down

The price of uranium hit $92.50 per pound, its highest level since 2007 as supply chain issues, nuclear expansion plans, and geopolitical tensions, have all combined to create a dramatic surge in uranium prices. The price per pound has more than doubled since Russia’s invasion of Ukraine in Feb. 2022.

The uranium market is expected to continue heating up, and prices could hit over $100 , analysts from Bank of America and Berenberg Bank have projected. SIGNALS

Semafor Signals: Global insights on today’s biggest stories. Problems in Niger and Kazakhstan have kept production levels down

The Wall Street Journal, Barron’s, SprottThe global demand for uranium has outstripped supply as key producers have faced problems. Niger’s uranium exports plummeted after a coup last year, and it is unclear when or even if the country will be able to resume exports at the same level. The country was the EU’s second largest […]

Click here to view original web page at www.semafor.com

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.