Uranium supply tightness and underinvestment drive bullish market outlook

Uranium doesn’t often grab headlines, but behind the scenes, a bull market is quietly building. According to Citi, the conditions are in place for a sustained rally, with prices forecast to hit $100 per pound by 2026. That would mark a return to levels not seen since the mid-2000s, when the last major uranium boom was underway. This time, the drivers are different, and, Citi argues, less widely appreciated by the market. The bank’s latest commodities note sets out a bullish thesis. Supply remains tight, tha ...