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While the uranium spot price continues to exhibit low volatility, three megatrends are tipped to increase the demand outlook for nuclear energy
-Three megatrends contributing to uranium demand
-Strong week for uranium equities
-Uranium spot price continues to trade between US$29.00-30.00/lb
By Mark Woodruff
The demand outlook for nuclear energy continues to improve, just as global uranium supply has shifted into a record supply deficit. Canaccord Genuity expects the deficit to continue and U3O8 demand to grow to 252m pounds (up 45%) by 2035 on the back of tailwinds from three key megatrends.