BUZZ-Uranium expected to average $120 per pound in 2025, BofA says

Reuters
2024.08.28 10:33
portai
I'm PortAI, I can summarize articles.

Bank of America Global Research is optimistic about uranium prices, predicting an average of /lb in 2025 and /lb by 2026. They attribute this to China's plans for significant increases in generating capacity as part of its decarbonization efforts. Curzon Resources highlighted a seasonal uptick in uranium demand expected in September, with increased U.S. utility purchases. Currently, 60 reactors are under construction globally, with another 110 planned over the next ten years.

Bank of American Global Research analysts say they are bullish on uranium, seeing prices averaging $120/lb in 2025 and at $135/lb by 2026

“Longer term, we believe China drives story with plans to materially increase installed generating capacity as it decarbonizes its energy supply,” BofA says

Physical commodity trading firm Curzon Resources says demand for uranium to pick up in September and continue into 2025 on typical seasonality and increased U.S. utility buying following waiver clarity, but supply to be slow to respond

BofA says globally 60 reactors under construction and a further 110 planned for the next decade

Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.