While most commodities rallied was this not the case for Uranium. The global power for clean and affordable energy. But this has come to an end.
What makes it more interesting is that it comes from production cuts at the world’s biggest uranium producer. This is Kazakstan. The country announced to reduce production by 3%.
This doesn’t sound big, but Kazakstan is the global Uranium supplier. With hundreds of new nuclear powerplants being planned at the moment, it could be that Uranium finally joined the commodities in the rally up.
The all-time record high was $137 a pound. Leading to a boom in mining profits and revenue for governments.
The question is where it is going to end. This is something we don’t know. But it is a good moment for you to position yourself to profit.