Redwurzel
Well-known member
The price dipped down to only $20 per pound weight in 2017/18, now $65.
No new production developments in the last 12 years, because miners thought the price would be depressed for ever after Germany and Japan said they were closing down all their nuclear facilities. Now a lot of countries including Britain are looking to nuclear as the future bedrock energy source. It gives off zero carbon and is always there. We can't survive on wind and solar alone and there are enormous pressures to get rid of fossil fuels completely by 2040. Canadian Uranium producuer has serious production problems. Most other producers are in countries with political instablility. Also its not worth opening up new production facilities for less than $60 per pound. This could be floor price to me.
tradingeconomics.com
Is it a decent investment for say small percentage of anyone's savings?
No new production developments in the last 12 years, because miners thought the price would be depressed for ever after Germany and Japan said they were closing down all their nuclear facilities. Now a lot of countries including Britain are looking to nuclear as the future bedrock energy source. It gives off zero carbon and is always there. We can't survive on wind and solar alone and there are enormous pressures to get rid of fossil fuels completely by 2040. Canadian Uranium producuer has serious production problems. Most other producers are in countries with political instablility. Also its not worth opening up new production facilities for less than $60 per pound. This could be floor price to me.
Uranium - Price - Chart - Historical Data - News
Uranium increased 9 USD/LBS or 9.89% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Uranium - values, historical data, forecasts and news - updated on February of 2024.
tradingeconomics.com
Is it a decent investment for say small percentage of anyone's savings?
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