Low uranium prices in recent years have curtailed uranium production. Investments have often been held back. Some large mines are also at the end of their useful lives. In May 2020, a pound of uranium cost $33.93, the most in four years. Production interruptions as well as declines and higher demand led to higher uranium prices. And since the uranium market is a small one, closures and production reductions also have a big impact on the market. Today, the mood toward uranium has become more positive, not least because of the new U.S. president.
This is because clean energy is high on the agenda of many major economies. As a result, there has also been increased activity on the equity side, with uranium as an investment theme rising by around 107 percent in the past year. Before Fukushima, a pound of uranium cost a good $72 in 2011, after which […]
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