Uranium enriches // Spot prices exceeded $ 50 for the first time since 2012

Investment funds, which sharply increased the purchase of natural uranium, were able to raise its value to the levels of the summer of 2012. The spot price jumped 56% in two months and surpassed $ 50 per pound of uranium oxide. The main growth driver is the Canadian Sprott, which is actively replenishing its stocks. Interest in uranium is growing against the backdrop of the climate agenda and a possible shortage of raw materials, experts say. However, analysts do not expect further price increases, predicting their decline to $ 40. Rosatom is calmly reacting to price hikes, not expecting changes in production plans. …

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