Uranium Prices Should Continue 'Measured Increase' As Demand Soars - Financial News Media

Uranium Prices Should Continue ‘Measured Increase’ As Demand Soars – Financial News Media

Share on Facebook

Tweet on Twitter

( MENAFN – Financial News Media) data-id=’165ecfe1′ data-element_type=’widget’ data-widget_type=’theme-post-content.default’>

Palm Beach, FL – August 16, 2022 – FinancialNewsMedia.com News Commentary – The Bank of America appears to be bullish on the future of uranium spot prices The rising support for nuclear energy and tight supply could see uranium spot prices return to US$70/lb by 2023, according to Bank of America (BoA). In a recent article in Market Index, they said:“Bank of America forecasts uranium spot prices to rise to US$70/lb by 2023. Increased uranium purchases from financial market participants often correlates to higher prices. Loss of Russian supplies and Diablo Canyon nuclear plant extension could be bullish catalysts…“We think uranium prices should continue a measured increase, peaking around US$70/lb in 2023e, vs. spot at US$49.5/lb. However, any loss of Russian supplies would make us more bullish,” said BoA analysts last Friday. It […]

About the author: StockMan
Tell us something about yourself.
Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet