Uranium’s upside skew: Analysts bullish on uranium market

Webinar Notice Global investment firm Morgan Stanley & Co. International plc+ has released a new report highlighting the bullish outlook for the uranium market. The report suggests that while uranium prices have already reached levels close to their forecast for the second quarter of 2024, there is still significant potential for further upside in the coming months.

Amy Gower, Commodities Strategist at Morgan Stanley, and her team of analysts including Chris Jiang, Helen Amos, Walid Hasanzadeh, and Martijn Rats, see several factors contributing to the positive outlook for uranium prices.

Current Uranium Price and Upside Potential

As of now, uranium is trading at $92.5 per pound, just 2.5% below the firm’s Q2 2024 price forecast of $95 per pound. However, the analysts at Morgan Stanley believe that there is a growing likelihood of an overshoot in uranium prices due to various factors, including fundamentals and financial considerations. They have set […]

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