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A global push for green renewable energy has fragmented the market; Parnham said despite growing solar technology, it won't be enough to fill the growing gaps in the electrical grid. Adding to the growing demand, Parnham also noted that government policies in the U.S. have made the domestic market disjointed, creating systemic supply issues.
Europe, in particular, is feeling acute pressure from rising energy prices. The crisis has deepened even further as Russia, in retaliation to western sanctions, has cut oil and gas supply to Europe. Parnham said that the shifting political winds should continue to support a long-term uptrend in uranium.
Source: Energy Industry News (energyindustrynews.net)
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