With nuclear energy industry looking brighter, uranium demand is expected to rise. According to the World Nuclear Association, the number of new nuclear plants due to go online this year and in the next three years is expected to total around 40, and more are planned in the years ahead, mostly in Asia, writes Lawrence Williams for Mineweb.
Currently, the price of uranium miners remain low as they have not risen to reflect the potential increase in demand ahead, according to Equities.
“There will be additional demand as nuclear reactors come back on-line in Japan, and as China completes new ones. So, I think the price will continue to trend upward,” Joe Reagor of ROTH Capital said on Equities.
Global X Uranium ETF
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Max Chen contributed to this article.