From Nasdaq:

The price of uranium has reached over $100/lb, driving Denison Mines to restart the McClean Lake mine in Canada. As analysts predict a potential surge to $160/lb this year, global demand for nuclear fuel is increasing due to rising nuclear power construction in China and other countries. However, uranium suppliers like Kazatomprom and Cameco Corp are facing production challenges, leading to potential global supply deficits. Additionally, Niger’s uranium production is undergoing an overhaul, with political instability threatening further supply disbalance.



Read more: Surging Uranium Demand, Supply Constraints Fuel Predictions Of Record Price Increases