PALM BEACH, Fla., March 9, 2022 /PRNewswire/ — FinancialNewsMedia.com News Commentary – Upward pressure on energy prices resulting from the Russia-Ukraine war is set to further boost interest in nuclear energy and uranium mining, already rising as nations seek to decarbonize energy supplies, prospectors and analysts told S&P Global Commodity Insights. Uranium prices – stable between $20-$30/lb for several years until late 2021– have responded vigorously to the current decarbonization drive and to the war. On March 3 the spot uranium price shot to $50.75/lb, a near 10-year high, having risen by $7.50/lb, or more than 17%, in the previous seven days. S&P Global Commodity Insights’ assessment of the current month spot price of U3O8 — a uranium oxide compound — to Canada at $50.75/lb at 1 pm ET March 3, is the highest reported since June 8, 2012, bolstered by strong purchasing by the Sprott Physical Uranium Trust, […]
- Do contribute something to the discussion
- Do post factual information, analysis and your view on company valuations
- Do disclose if you have an interest in a security
- Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
- Do not complain about a post unless you have reported it first, and not on the forum.
- Do not post financial advice
- Do not advertise or post sponsored content