![]() ![]() "While just a 2% increase, it helps, plus such a shift could lead to increased pressure on utilities to move forward new contracting," the note said. plants expected to close in 2021 to 2030, it could add 26 million pounds to global uranium demand forecasts. Nuclear Regulatory Commission delayed the expiration dates of 12 U.S. delaying the closure of its aging nuclear fleet, they said.Īccording to the Bank of America note, if the U.S. 1 note from Bank of America Securities exploring the possibility of the U.S. Some of the reaction could have been in response to a Feb. 1 said they were conflicted on how much of the rally was due to retail interest or institutional investment. Uranium investors interviewed during the week of Feb. GameStop), as institutions covered positions to fund losses elsewhere," Barnes said. "We also suspect that a short covering rally in uranium equities could have been catalyzed by the short-squeeze in other assets (e.g. stock price may have translated into other money-movers investing in uranium, Barnes added. Users on the social media site called on other day-by-day investors to invest in the radioactive metal. 1 on the Reddit website amid a retail-driven rally in silver markets and had already accrued about 500 members. 3 note that a subreddit named r/UraniumSqueeze was created Feb. The relative quiet in the news led TD Securities analyst Greg Barnes to declare a wave of retail investors seeking a "uranium short squeeze" as a "possible driver behind the moves in the equity markets."īarnes wrote in a Feb. READ MORE : Sign up for our weekly coronavirus newsletter here, and read our latest coverage on the crisis here. ![]() S
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