Nuclear power is booming: At the beginning of the 2050s, nuclear capacities are to be doubled, which will greatly increase the need for uranium - an interesting opportunity for investors.

Nuclear power is booming: At the beginning of the 2050s, nuclear capacities are to be doubled, which will greatly increase the need for uranium - an interesting opportunity for investors.

According to a report from www.focus.de, the demand for uranium has increased sharply worldwide due to nuclear power plants planned or under construction. Uranium prices have increased by around 125 percent since the end of 2020, and this trend is expected to continue in the coming years. This is mainly because two of the largest uranium producing countries, Russia and Niger, are currently difficult to reach.

Since uranium is used as fuel for nuclear power plants, the increasing demand for uranium will also have an impact on the market. Uranium prices have recently risen to their highest level in twelve years, an increase of 244 percent in the last six years. In addition, Kazakhstan, as the largest user of uranium, has already benefited from the development.

Investors have already followed this development and are increasingly investing in uranium mining companies. The share price of some companies has already risen sharply. There are also passive funds that track the uranium market and are accessible to investors.

The increasing demand for uranium is expected to lead to further price increases as uranium production and uranium enrichment capacities have not been sufficiently expanded worldwide. This has resulted in refineries currently running at full speed.

Overall, it should be noted that the increasing demand for uranium due to the planned expansion of nuclear power plants worldwide will lead to significant changes in the uranium market. Investors and small investors can benefit from this development by investing in uranium mining companies or passive funds.