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Uranium oversupply to persist

Uranium miners will have to wait several more years before a price recovery takes hold, according to the latest forecasts from the World Nuclear Association.

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Plenty to go around: The WNA is predicting a market oversupply in the near term (photo: IAEA Imagebank)

The WNA is on the bearish side going into 2025 when taking into account supply and demand fundamentals for uranium, although it sees some sort of a recovery coming in the decade to 2035.