Page 3 - Uranium Prices News Today

Bloomberg reports hedge fund managers are expecting a dramatic rise in the price of uranium, a key element used in nuclear power.

In an unexpected twist, France has pulled its ambassador and troops out of Niger in a rapid response to the ousting of President Mohamed Bazoum.

Amid a increasing global appetite for expansion of nuclear energy, uranium markets have been on a roll after prices for yellowcake gained more than 20% ytd.

Uranium spot prices have surged to levels not seen since Japan's Fukushima disaster in 2011 as the world looks to abandon fossil fuels and embrace nuclear power.

The price of uranium concentrate, commonly referred to as yellowcake, has climbed to a 12-year high as nuclear has become an increasingly popular source of energy.

After languishing in a bear market for a decade, uranium has staged an impressive comeback as Russia’s war on Ukraine exacerbated the global energy crisis and sent Europe scrambling to replace Russian oil and gas

Uranium prices have rallied back above $50 a pound and could jump to $70 next year, according to Bank of America.

Much of the activity driving up uranium prices has come from the Sprott Physical Uranium Trust as opposed to utilities or producers, the bank said.

Uranium prices rose 11% Friday, their highest level since Japan's 2011 Fukushima nuclear disaster, after reports Biden is eyeing sanctions against Rosatom.

Uranium prices rose 11% Friday, their highest level since Japan's 2011 Fukushima nuclear disaster, after reports Biden is eyeing sanctions against Rosatom.