Depends on your risk profile.
The Bulls have long predicted our recovery. Supply and demand waffle warning !
Reactor fuel requirementsThe world’s power reactors, with combined capacity of some 400 GWe, require about 65,000 tonnes of uranium from mines or elsewhere each year. While this capacity is being run more productively, with higher capacity factors and reactor power levels, the uranium fuel requirement is increasing, but not necessarily at the same rate. The factors increasing fuel demand are offset by a trend for higher burn-up of fuel and other efficiencies, so demand is steady. (Over the years 1980 to 2008 the electricity generated by nuclear power increased 3.6-fold while uranium used increased by a factor of only 2.5.)
Today's reactor fuel requirements are met from primary supply (direct mine output – about 85% in 2017) and secondary sources link
The US and others planning for supply security may have missed the boat! Covid 19 has or will sink at least a proportion of the supply from all sources I assume
LSE Yellowcake is not in take off which might be a indicator the market has not yet reacted to this seismic event in World supply chains. Excuse my Font size play
Have a safe day all
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