Nuclear Power, page-258

Uranium outlook

Mr Currie’s outlook for uranium is also “very bullish” on a medium and long-term basis.

“The realisation around the world is that if you really want to solve climate change and decarbonise, you need to do this with nuclear power and you need to do it with microgenerators,” he said.

“The outlook is extremely positive from a fundamental perspective, then if you throw Kazakhstan on top of it, it just creates a much more bullish outlook,” he added, referring to the ongoing turmoil in the Central Asian country that produces more than 40% of the world’s uranium.

Mr Currie also remarked that uranium could really “take off” in the event that a government in Europe decides to classify nuclear power as “ESG friendly” or “green”, which he believes is “really close to happening”.