Uranium Rises to 3-Month High28 May 2025 10:24
Uranium futures rose to $72 per pound in late May, the highest in nearly three months, and extending the rebound from eighteen-month lows in March as the possibility of political support for the nuclear sector outweighed the view of ample supply. US President Donald Trump signed an order to cut regulations and accelerate licenses for nuclear reactors and power plants, likely bringing forward the adoption of a higher share of nuclear power and lifting demand for uranium. The move signaled that the new administration was supportive of the sector and paved the way for tech companies to use nuclear power to sustain power-hungry data centers. In turn, lack of clarity on future levies on uranium imports from Canada and Kazakhstan maintained the stress on the limited domestic capacity. The US imports a large portion of its yellowcake from Kazakhstan, which faces reciprocal tariffs of 27%, while imports from Canada face a softer 10% levy.
there is so much potential in this company, i hope the board of directors dont screw us over. They should really get the ball moving fast