Here you can read the uranium-related part of a new article from...

Here you can read the uranium-related part of a new article from Barry Fitzgerald: (Headline-Trade truce switches investor focus from gold to copper and uranium amid growing talk of shortages)...
"...The uncertainty around gold’s near-term direction has clearly triggered a rotation out of the gold stocks back into two of the biggest and most enduring thematics in the resources space – the long-term supply deficits faced by uranium and copper. Both uranium and copper took price hits when tariff war fears were at their worst. But they have rebounded since, with (spot) uranium climbing 10% from a late March low of $US64.20/lb to $US70.5/lb, and LME copper gaining 5% in the last month to $US4.35/lb. For the uranium stocks, the uranium price improvement has fuelled monster share price reactions, no doubt amplified by short covering in the leading issues. Boss (BOE) has gained 56% in the last month and Paladin 42%....Uranium giant Cameco and the United Nations have served up reminders in recent days of the supply deficit thematic in the two commodities. Cameco said that for the world to meet the total fuel requirements of nuclear reactors between now and 2045, the world’s utilities still have a lot of uranium to buy. President and CEO Tim Gitzel told a conference call for Cameco’s March quarter results that the utilities are actually 70% short of their needs through to 2045. What’s more, Cameco has no idea where about 1.3 billion pounds of the required uranium is going to come from. For context, the combined market cap of Boss and Paladin of $4.2 billion covers off on about 8 million pounds of annual production.“With each passing quarter that long-term contracting remains below replacement rate, the uncovered requirements line continues to steepen. Long-term contracts must be in place to support mining economics and underpin ongoing investments in supply,” Gitzel said.
Significantly for ASX uranium stocks, Gitzel noted that utilities had in recent times focussed on securing downstream conversion and enrichment services because of global trade uncertainty before buying natural uranium.“Looking ahead, we believe a move upstream, to focus on security of uranium supply, is inevitable and unavoidable,” he said.The assumption from that has got to be that uranium prices are headed higher, much higher...."