Uranium Prices Expected to Increase In 2022 as Global Demand Jumps along with Increase of UsesNEWS PROVIDED BYFinancialNewsMedia.comJan 27, 2022, 08:45 ET
The World Nuclear Association (WNA)'s "Nuclear Fuel Report: Global Scenarios for Demand and Supply Availability 2021-2040" forecasts 2.6 percent annual growth in nuclear generation capacity over the next two decades… "UxC estimates that by 2030 about two-thirds of utility nuclear fuel requirements will not be covered by contracts, and this will reach 81 percent in 2035. The lack of new uranium projects coming online is a considerable part of this equation. As utility inventories decline, they will come to market willing to accept higher contract prices to replenish their energy fuel stock, and secure future supply lines may happen sooner than later. Much higher long-term contract prices will in turn bring uranium spot prices along for the ride."
Nuclear Power, page-287
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