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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.
Author Bio
I like things that go boom. Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered and continue to cover everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides.
What happened
Shares of uranium mining stocks are glowing green again on Monday just one week after the U.S. Senate Committee on Environment and Public Works approved a bill aimed at establishing a U.S. national strategic reserve of uranium. As of 11:25 a.m. EST:
As Wall Street s Love For Uranium Returns, One Analyst Lists 4 Reasons To Buy The Biggest Miner zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.