Citi Reveals Three Scenarios As Uranium Bull Market Fueled By Global Tightness

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by Tyler Durden
Tuesday, Jan 23, 2024 - 02:20 AM

Analysts from Bank of America told clients earlier this month: "Uanium's third bull market set up for a promising 2024." 

As of last Friday, spot prices for yellowcake - uranium concentrate used in nuclear power generation, topped a new 16-year high, climbing to $106/lb. Recall our December 2020 note titled "Buy Uranium: Is This The Beginning Of The Next ESG Craze."