Nuclear power rises with shifting political tides Uranium producers are back in the spotlight as both the US and UK look to nuclear power to fuel their transition to a zero emission economy.In the US, pro-nuclear candidate Joe Biden’s nail-biting win over incumbent President Donald Trump is paving the way for the Democrats to introduce their US$2 trillion climate change plan.That will see the economic superpower wean itself off fossil fuels with deep investment into both renewable and nuclear power, a move expected to do more to support the US nuclear industry than any of the past five administrations....
...Both the UK and the US are now poised to join this surging demand for fissile material, at the same time that leading Kazakhstan producer KazAtomProm has announced a 20 per cent cut in production until 2022 in the wake of COVID-19.This confluence of factors means a market which has long been in oversupply is likely about to fall rapidly into undersupply, according to Arnott Capital portfolio manager Kenny Arnott, which he says will create extreme changes in the uranium price.
Just note that "his article was developed in collaboration with Marenica Energy, a * advertiser at the time of publishing."
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