The analysts at Atrium Research already took a close look at the uranium sector in November 2022. Since then, the uranium price on the spot market has risen by more than 84%. It reached a high of USD 106 per pound of U3O8 in January 2024.
As the experts explain, this drastic price increase has been building up for years, if not decades – mainly due to the high demand for the metal in view of the ambitious decarbonization targets and the uncertain future supply.
However, Atrium continues to believe that the spot price for uranium is still not high enough to serve as an incentive to build up new production. Which means, they say, that there is still room for the uranium price to rise. Numerous countries have included nuclear energy in their strategy
In their last report on uranium, the analysts highlighted key developments in demand for nuclear energy […]
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