No country is building any more new nuclear power plants.
(Photo: imago images / Danita Delimont)
Cologne Uranium is in demand again. The price of nuclear energy fuel is currently at its highest level since 2011, analyst Richard Hatch from Berenberg states in his current study. For him, there is no end to the increase in sight: “Supply is tight and demand continues to rise.”
After the Fukushima disaster in 2011, nuclear energy became less attractive. Uranium prices collapsed. But with the climate protection goals that many countries have set, nuclear energy is in demand again: in many countries, nuclear energy is considered an important source of emission-free electricity.
This is reflected in the price development: After Fukushima, the price of uranium fell to 18 US dollars per pound of uranium (lb, 453 grams). It is currently $58 – and Berenberg analyst Hatch believes an increase to $65 is conceivable. Investors can benefit from this by investing in uranium producers.
Read on now
Get access to this and every other article in the
Free online and in our app for 4 weeks.
Further
Read on now
Get access to this and every other article in the
Web and in our app.
Further