Rising Nuclear Energy Demand and Uranium Price Outlook
UEC Uranium Energy Corp
$7.48 -5.32%
View chart & analysis → - 1Uranium spot prices are moving near $90 per pound.
- 2Cumulative uncontracted demand for uranium trioxide (yellowcake) by utility companies is estimated to exceed 800 million pounds by 2035.
- 3Bank of America forecasts that uranium prices could jump to $130 per pound by next year.
So what's the key point?
Uranium for nuclear power generation is expected to be in high demand. Bank of America predicts that uranium prices could rise to $130 by next year.
Source The Motley Fool +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.