Prediction: 1 Reason Uranium Demand Should Spike 140% by 2050
Nuclear energy generation is expected to rise significantly.
Overview
Cameco (NYSE: CCJ) stock has performed exceptionally well over the past few years. Since 2020, shares of the uranium producer are up by more than 1,000%.
What has fueled Cameco's stock price surge? The main factor has been the rising demand for uranium. In 2022, uranium traded at roughly $30 per pound. Today, prices are approaching $100 per pound.
Details
There have been price surges in the past. In 2007, prices also surged above $100 per pound, only to fall back under $30 per pound by 2018.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.