Rare Element Resources Ltd (REEMF)

[wyomingdude]

A followup comment:
Uranium prices held at $106 in the second half of January, the highest since 2007, as mounting setbacks to supply coincided with increasing demand. Kazakhstan’s state-owned Kazatomprom, the world’s largest uranium producer, stated it would be unable to meet its production target for the next two years amid a shortage in inputs and construction issues. This added to Canadian Cameco’s outlook downgrade in September due to issues in key mines and uncertainty over French Orano’s output due to Niger’s military coup. Additionally, Western utilities continued to voluntarily shun Russian uranium imports due to its invasion of Ukraine, while the US moved closer to banning its imports. In the meantime, ambitious decarbonization goals drove the US and 20 other countries to announce that their nuclear power will be tripled by 2050. The large bets on nuclear energy are led by China, which is building 22 of 58 global reactors, while Japan restarted projects to increase nuclear power output.