Posted 1/11/2024, 4:00:00 PM
Uranium Prices Soar to 16-Year High on Tight Supply and Rising Demand
- Uranium prices reach 16-year high of $92.45 per pound, up 217% since December 2020
- Tightness in uranium market could push prices over $100/lb; analysts forecast $105/lb in 2024 and $115/lb in 2025
- Requirement to diversify from Russian supply a major price driver
- Mining stocks like Cameco up 300% since December 2020 on soaring prices
- Uranium demand surging, contracts signed by utilities highest since 2012