Uranium prices have quadrupled. So why are mining stocks lagging?

Weekly spot uranium prices nearly doubled last year, but have quadrupled since 2020, according to UxC data. But mining stocks and ETFs are lagging the recovery. MarketWatch photo illustration/iStockphoto Uranium prices have quadrupled over the past four years, buoyed by rising demand for nuclear power and supply challenges, but shares of uranium miners and exchange-traded funds have some catching up to do.

Interest in uranium, a cornerstone of the nuclear-power industry, has grown along with global efforts to foster clean energy, leading to stronger demand for the heavy metal for nuclear-power plants.

Weekly spot uranium prices stood at $106 per pound as of Jan. 22 — the highest since August 2007, according to data from nuclear-fuel market information and analysis firm UxC. Prices are trading more than four times higher than they did at the start of 2020, when prices were at $25. Weekly spot uranium prices have more than quadrupled […]

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