In early September, the spot price of uranium moved above the US$60 per pound mark, closing that month above US$70. That is the first time since 2011 that the price of uranium has exceeded US$60. The spot price is currently in the US$75 range. Macquarie’s has a 2025 fiscal year uranium price forecast of US$90 per pound. What are we seeing for valuations for stocks in this industry?The spot price of uranium started rising in earnest this year after the Russia n invasion of Ukraine .
Ukraine and other European countries depend on uranium from the Commonwealth of Independent States (CIS), which includes Russia, Kazakhstan and Uzbekistan. After the invasion, Europe quickly looked for new sources of uranium. As demand increased, prices rose, and the demand for longer-term contracts put pressure on inventories and caused physical funds to add to their holdings. Going forward, the World Nuclear Association (WNA)We used StockCalc’s screener to select the top 10 listed uranium stocks by market capitalization on the TSX and TSX-
Source: News Formal (newsformal.com)
Uranium Spot Price Russia Ukraine Europe Demand Contracts Inventories Market Capitalization
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