Nuclear fission reactors consume the largest portion of Uranium in the market, and lately the prices increased sharply because of a forecasted shortage as nuclear energy becomes more popular. It is estimated that the market will be 80 million pounds of uranium short each year.
The Uranium industry has potential all over the globe. The industry has never been stronger in Canada, and Saudi Arabia’s interest in nuclear energy will stimulate more demand for the metal.
The future is bright for CanAm as analysts believe uranium prices will be increasing from the lack of supply to meet demand. Last year, only 65% of the demand was met and it is expected that the percentage of completed orders will be even fewer this year.
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