Why Uranium Experts Project Uranium Prices Will Spike More Than 50% In 2022

FinancialNewsMedia.com News Commentary

PALM BEACH, Fla., April 28, 2022 /PRNewswire/ — Last week, Bank of America released a research note showing that spot prices for uranium had increased significantly in the last couple of months and one big Player, Bank Of America projects that uranium prices will spike more than 50% in 2022, according to a Mining Newswire report. The investment bank expects the mineral to experience further gains in the future as the demand for the use of nuclear energy as an alternative to non-renewable energy sources also grows. Russia plays a central role in the international uranium supply chain, making up over 15% of total uranium supplied this year. In terms of enrichment, Russia makes up roughly 45% of global capacity. In conversion, the Eastern European country makes up nearly 30% of the estimated production of this year and about 20% of international capacity. According to the […]

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