Bank of America has dramatically raised its spot price forecasts for uranium, predicting a rise from $78 to $105 per pound (+34%) for 2024, and from $75 to $115 per pound (+53%) for 2025. The bank also issued a buy recommendation on Boss Energy, which is surging on the ASX. Spot uranium prices have soared, with EvoMarkets reporting a price of $93.25 per pound and US Uranium Markets closing at $93.00 per pound, marking the first time since November 2007 that prices have broken above $93. The upward trend continued, with Uranium Markets reporting a further increase to $95.13 per pound and eventually confirming trades at $100 per pound. Amidst this price surge, the world's largest uranium miner, Kazatomprom, has warned of a production shortfall, highlighting geopolitical risks that are constraining uranium supply as nuclear demand increases.
Spot #uranium $104. Up $9.70 in 2 days. That's the whole tweet.
Boom!💥 Spot #Uranium has smashed thru $100 this morning⤴️ as #Nuclear fuel brokers @UraniumMarkets report an opening #U3O8 price of $101.50/lb with sellers now asking $103 for February delivery😲 as the U-train powers on to new highs not seen since $105 on 7 August 2007🚆🛤️🤠🐂 https://t.co/4acEV4Yzss
Breaking!💥🔨World’s Biggest #Uranium Miner Kazatomprom $KAP Warns of Production Shortfall⚠️⤵️⚛️⛏️🇰🇿😲 This is an excellent 'state of play' Bloomberg article highlighting the many geopolitical risks tamping down #U3O8 supply as #Nuclear demand soars🔀🗜️🤠🐂… https://t.co/KpKgxuG9DT
#Uranium Very much on path still!! IF it stays on path, we could see $200 this year 😉 always DYOR 🌟 @finding_finance @uraniuminsider @SilverCrisis405 @quakes99 https://t.co/EPfBRIuyn1 https://t.co/foPkMeVh8l
💥US #Nuclear fuel brokers @EvoMarkets have also joined the $100 Spot #Uranium Party 💯🎂🍾🥳💃🕺 UP +$5.50 to $100/lb #U3O8 🚀 as the party is only just getting started.🍺⏳😃🐂 #Nuclear! 🎇🎆🤠🚆 #RideTheWave 🌊🏄 https://t.co/08z3O3urhr https://t.co/SSLHmSv1II
Uranium twitter about to pop 🎉 with $100/lb breached $sruuf https://t.co/ILolYhP0S5
Ummm... #uranium spot up $5.70 to $100? At this pace, it would hit $200 on February 4. https://t.co/KO9zLGWs6U
💥💥💥💥💥💥 Just spoked with my friends from @UraniumMarkets and got the confirmation that $100 #uranium has been traded. 💥💥💥💥💥 https://t.co/a5ijEjZh51
$100! Spot #uranium trades $100 per pound according to Uranium Markets.
Holy Cow!🎇🎆🤯 Today's Daily Spot #Uranium price just reported by #Nuclear fuel price reporters UxC has soared nearly 2 bucks⏫ to $95.90/lb #U3O8 which is a price not seen since 15 August 2007🦕 with no sign indicating that the U-Train is stopping here.🚉🤠🐂 #RideTheWave 🌊🏄 https://t.co/njn9QpOzFv
#uranium Thank you @ErikSTownsend and @uraniuminsider cant wait to give this a listen! I'm sure it wont disappoint! MacroVoices #410 Justin Huhn: Investing in All Things Nuclear https://t.co/y4kOaNyc3h
Sounds that #uranium investors love to hear 😂📈🙏 @quakes99 @SilverCrisis405 https://t.co/jMLB4ewD8o
🚆Spot #Uranium's U-train rolled right thru $95 station today🚉 climbing +$1.13 higher⬆️ for #Nuclear fuel brokers @UraniumMarkets to $95.13/lb #U3O8 on rusty old rails unused since 2007🛤️ with $96 beckoning👋 while @EvoMarkets & @Numerco trailed behind at $94.50 and $94.20⬆️🤠🐂 https://t.co/nBcHZJrsP5
SEC tweeting that “Uranium is the fuel of the future”. Hope it’s legit 🤔
🐳Hey there $94 Spot #Uranium!👋 Haven't seen U since November of 2007.👴 It's been a long time buddy.🫂 Welcome back!🤠 I saw U pop up over at #Nuclear fuel brokers @UraniumMarkets⏫ with your pal $93.75/lb #U3O8 at @EvoMarkets⏫ and your UK mate $93.47 at @Numerco⏫🌋 Cheers!🍻 https://t.co/MJbTw5Bmt3
My good friend @uselinkinv called today's #uranium move to the T 📈 https://t.co/5kZODvHvRl
There it is. #uranium https://t.co/cNVVLcZKW0
💥 Spot #Uranium broke thru $93 today🔨 with the U-train picking up speed🚂🔥 as all #Nuclear fuel brokers closed at brand new 16-year highs.⏫🌋🎆 @EvoMarkets soared +$1.25 to $93.25/lb #U3O8🚀 UK @Numerco jumped +88c and US @UraniumMarkets rose +50c to close at $93.00⬆️🤠🐂🌊🏄 https://t.co/5NGeknPovj
🐳 Spot #Uranium has broken above $93/lb today for the first time since November 2007🔥 but I'm still waiting on the last #Nuclear fuel broker to report their closing price on the day... Stand by.⌛️ https://t.co/oCBx3CmG1n
Flash!⚡️ Bank of America has just released a new #Uranium sector report that dramatically raises their Spot price forecasts from $78 to $105/lb (+34%) for 2024, $75 to $115/lb (+53%) for 2025!🚀 BofA also issued a BUY on Boss Energy (ASX: $BOE) which is surging on ASX today📈🤠🐂 https://t.co/eU6aEn5dsz