A global push to deliver a faster and cheaper clean energy transition is tipped to push uranium prices even higher as governments embrace the nuclear fuel to meet aggressive carbon emission reduction targets.
The policy shift highlighted by China’s nuclear ambitions and a pledge by 22 COP28 summit countries – including the US, Canada, UK and Japan – to triple nuclear production by 2050 has seen uranium prices already double over the past year to $US106 a pound at the end of January.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
