Uranium Maintains Momentum Amid High Demand, Low Supply

Uranium has been one of the top-performing commodities this year as the use of nuclear power starts to gain more acceptance, increasing demand for the metal while supply remains constrained.

More such projects are starting to pop up as the world looks for alternative energy sources. In effect, this is causing the metal’s market to grow exponentially and will continue to do so, offering tremendous growth potential despite supply chain complexities and geopolitical factors.

“The nuclear comeback has jolted the $10 billion uranium market after a decade-long bust that deterred mining companies from producing the fuel,” reported the Wall Street Journal . “There are pinch points along the complex supply chain, from mining to enrichment. Some worry that the West will eventually sanction fuel from Russia, the world’s largest enricher of uranium.”

An additional catalyst for higher prices is the West African country of Niger, which accounts for about 5% of the […]

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