With uranium prices on the move, stocks like DNN could push even higher. At the moment, investors are betting that nuclear power could be a part of the move away from fossil fuels. Also, the world is running into a supply-demand issue. For 2021, with a lack of new uranium mines, supply could fall 15% by 2025, and by as much as 50% by 2030, as demand rises.
In addition, according to the Financial Times, “The Sprott Physical Uranium Trust has snapped up about 6m pounds of physical uranium, worth about $240m, since launching on July 19, helping to push uranium prices to more than $40 per pound, up from $30 at the start of the year. Global mine supply is expected to be about 125m pounds in 2021.”
Also, China has plans to increase its nuclear power capacity over the next few years.
This is just one of the opportunities we find quite often inside Extreme Option Profits.