In this video, Sid Rajeev, head of research, will share his opinion about the uranium market and potential M&A in the sector.
Uranium prices are up since the beginning of 2020, but uranium equities are outperformance the commodity. Global X uranium ETFs, which track uranium share prices of uranium stocks, are almost 100% in the past 12 months. And these are some of the reasons why uranium equities are outperforming, and it is because of an increase in the sentiment for clean energy, and nuclear power is one of the cleanest energy sources.
Increasing demand for nuclear means increasing demand for uranium, which brings us to the second factor that is driving our growing optimism demand for uranium is rising at precisely the same time that supply is becoming less certain.