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

Sprott Physical Uranium Trust

28/08/2024 11:33

** 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

 (Reporting by Seher Dareen in Bengaluru)
 ((Seher.Dareen@thomsonreuters.com;))