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Uranium stocks riding higher

Uranium stocks are fizzing as investors embrace the positive outlook for nuclear energy as the world looks to decarbonise while inventories dwindle. Eye-watering gains have been seen across uranium stocks as industry expectation for a new buying cycle by power utilities is expected to push prices for the yellow powder much higher than current US$30 per pound levels.

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Optimism in the space has been boosted by the US government looking to build a strategic uranium reserve and president Joe Biden stating that nuclear has a clear future within the nation's energy