https://www.australianmining.com.au...hest-in-anticipation-of-uranium-demand-spike/
In a market outlook, Paladin pointed out that the nuclear power industry was consuming more uranium than pre-Fukushima levels and European and US utilities stockpiles were reducing.
This coincides with a reported decrease in exploration spend within the sector, with supply side projects reducing 90 per cent since Fukushima.
Paladin therefore expects the development of new mines will not be able match the growth, leading to the potential for a short-term price spike.
Demand for uranium is steadily increasing given the appeal of nuclear energy as a low cost, low emission energy source.
This will be supported by growth in the electric vehicle market, resulting in greater demand for electricity supply.
https://www.australianmining.com.au/news/paladin-builds-warchest-...
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