Value Of Uranium Rising As Demand Grows For Nuclear Energy Generation Around The Globe - Financial News Media

Value Of Uranium Rising As Demand Grows For Nuclear Energy Generation Around The Globe – Financial News Media

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Palm Beach, FL – May 17, 2022 – FinancialNewsMedia.com News Commentary – It is no surprise that most experts expect the price of uranium to increase in this year of turmoil around the globe, as sure as gold will rise. Uranium is one of the few commodities that has seen two years of solid gains in the midst of the coronavirus pandemic, which most analysts believe indicates that the metal’s price is not dropping any time soon. However, on the supply side, current supply of the metal cannot meet demand. It is expected that constrained supply will push the price of uranium even higher this year. An article in Mining News Wire said that last year, the price of uranium rose by 45%, going from about $29 per pound at the start of the year to $50 per pound in September. […]

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