- Uranium mining stocks have skyrocketed in recent months following Cameco's temporary shutdown of Cigar Lake and Kazatomprom's efforts to stop a glut.
- U308 prices rose considerably last year as COVID caused a decline in production - the renewal of production may have the opposite effect.
- The long-term outlook for uranium is strong considering the shortage which is expected to arrive around 2023-2025.
- The short-term outlook for uranium is weak considering there is unlikely be a shortage this year and most miners are expected to lose money.
- URA and uranium stocks are surging, but it may be best to wait for the fundamentals to catch up before buying.
For further details see:
URA: The Uranium Rally May Be Getting Ahead Of Itself