Uranium prices have surged due to several key factors:
– Increased demand for nuclear energy – Many countries are expanding nuclear power to meet clean energy goals.
– Geopolitical tensions – Supply disruptions from Russia and Niger have tightened the market.
– Underinvestment in uranium mining – Years of low prices led to reduced production, creating a supply deficit.
– Government policies – The U.S. and other nations are prioritizing domestic uranium production for energy security.
– Rising uranium prices – Spot prices have climbed significantly, boosting mining stocks.
We are near some major resistance and expect some profit taking to occur.
Names Like OKLO SMR URNM URA CEG should be on watch for a strong selloff.
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