The World Nuclear Association sees a balanced market until 2028 through drawdowns in utility inventories and idled-mine supply returning, with the latter requiring that prices rise first. ... The commodity strategists remain bullish on uranium in the medium term and forecast a price high of $49 a pound by 2024.

Is uranium a good investment?

Uranium has great potential but now is not the best time to invest. Despite all the current excitement, it's not as though there is a sudden rush to build more nuclear reactors (or if there is, I've missed it). There have been many false dawns in the uranium market – there was one in 2020.

Does uranium have a future?

Going Nuclear: The Future of Uranium

With more than 54 reactors under construction and 100 reactors planned worldwide, the demand for uranium is set to grow. Unlocking new and existing supplies is critical to meeting this rising demand, and new uranium discoveries will be increasingly valuable in balancing the market.