Lates News

The Citigroup report indicates that the price of uranium may rise to $100 per pound next year. Analyst Arkady Gevorkyan stated, "Long-term contract prices have been trading at $80 per pound for the past five months, which we believe supports our bullish view." The price of uranium has already risen to $73 per pound in recent months, and Citigroup believes it will reach $80 per pound in the next three months. Citigroup stated, "Potential delivery shortages from uranium producers, coupled with increasing energy demand and the encouragement of nuclear energy capacity expansion, combine to create significant bullish risks for uranium prices." Additionally, the development of Small Modular Reactors (SMRs) has played a significant role. Citigroup suggests that by 2040, these SMRs could account for 20% of total uranium demand.