Uranium prices have spiked 50% this year and are set to climb further on stockpiling and risk of bans on Russia exports, Bank of America says

Uranium prices have soared 50% this year and look set to climb even more, Bank of America said Tuesday.

The risk of bans on Russian uranium imports by Western countries is contributing to driving up prices.

The investment bank raised its uranium price estimates for 2022 through 2027 by 20% on average.

Get the inside scoop on what traders are talking about — delivered daily to your inbox. Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy .The risk of Western import bans on Russian uranium supply has contributed to this year’s surge in prices for the nuclear-energy element and Bank of America in adjusting its price outlooks foresees further gains. Uranium spot prices have climbed 50% year-to-date in hitting $63.60 a pound, […]

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