Uranium has become more expensive

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In some cases, uranium production is impaired, especially in Kazakhstan. On the other hand, uranium supplies from new mines can be expected in the medium term. And this will also be needed, because uranium is an indispensable part of the necessary energy mix. And the energy needs of the world’s growing population are also increasing. To mitigate potential disruptions in uranium supply, Western utilities are looking to diversify away from geopolitically difficult countries and companies. The East (Russia, Kazakhstan, Uzbekistan) has accounted for about 60 percent of global uranium supply. In the West, therefore, there could be supply deficits and thus higher uranium prices. This in turn will have a positive effect on uranium shares.

As the war in Ukraine worsened, the price of uranium broke through the $60 per pound mark for the first time since 2011. While cheap […]

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