Uranium didn’t enjoy the same “bid” as the other energy commodities last week but we believe it will with the events in the Middle East demonstrating how so many regions of the world are far too dependent on oil and gas. It’s a slow transition but we see the current events only increasing the tailwind for Uranium in the years ahead with the likes of Europe and Japan likely to lean even more heavily into nuclear power.
- We remain bullish towards uranium and the underlying sector but its likely to be a volatile journey as we’ve witnessed in recent years.
MM is bullish towards uranium ~$US86/lb.
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