We have Reddit to thank for uranium stock running higher on Monday. Traders over on WallStreetBets and other forums arehyping up uranium companiesas the next big investment. This has investors’ interest in them increasing and with that comes more trading and higher prices.
There're two possible reasons for the recent upward trend: First, Demand for Uranium Keeps Soaring as Supply Fails To Keep Pace. The COVID-19 pandemic slashed the global supply of Uranium byaround 30 percent as mines stopped producing. Meanwhile, thedemand for Uranium keeps increasing. Currently, there are 444 nuclear plants operating globally, while another 51 are in the construction phase.
In another recent development that received a lot of attention from Uranium bulls,Japan is now restarting its nuclear power plantsthat were idled back in 2011 following the Fukushima disaster.
Do you think this trend is solid? Or just another over-rated topic pushed by apes?
Mcsnacks H Tupack
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The Pentagon announced over the weekend they are funding New sites for development of rare earth minerals in the US, to start minimizing its dependence on foreign countries for them.
Mcsnacks H Tupack : The Pentagon announced over the weekend they are funding New sites for development of rare earth minerals in the US, to start minimizing its dependence on foreign countries for them.
YNHS : wow
Mjnaw YNHS : Bro do all the tasks to solve points and deposit![call_me_hand 🤙](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f919.png)
SheezusMoberry : Interesting....haven’t looked into this sector yet
LTCM : will this be the start of a new long term uptrend since Fukushima?
GTGC : ah
GTGC : ah
JackieRose : Thats new to me, i'll google it later.