New uranium high $81.40
Had interesting chat with the MD of a uranium explorer in Canada. She was explaining why uranium is so hot because the whole world is not prepared for baseload nuclear energy. It takes years to build up a pipeline of uranium to feed this many nuclear reactors. Essentially that pipeline is non-existent today and now every nuclear country is madly scrambling for any scraps of uranium left.
Explains the sharp increase of spot market uranium prices today.
Not investment advice and my opinion only.
22 Countries Pledge to Triple Nuclear Capacity, page-2
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