Are the Golden Days of Uranium Stocks Returning?
The Russia-Ukraine crisis pushing fuel prices higher and global warming could be paving the way for what can be called the return of the golden days of uranium stocks. After Japan’s Prime Minister Fumio Kishida expressed the government’s renewed focus on nuclear energy at a meeting on ''green transformation,'' Uranium stocks like Energy Fuels Inc. (NYSE:UUUU) and Cameco (NYSE:CCJ) witnessed a double-digit rise in yesterday’s trading session. In a bid to diversify its energy sources amid the rising global crisis and meet the carbon-neutral target by 2050, the Japanese government is contemplating building next-generation nuclear reactors, restarting existing offline nuclear plants, and extending their lifespans.
Are the Golden Days of Uranium Stocks Returning?
The Russia-Ukraine crisis pushing fuel prices higher and global warming could be paving the way for what can be called the return of the golden days of uranium stocks. After Japan’s Prime Minister Fumio Kishida expressed the government’s renewed focus on nuclear energy at a meeting on ''green transformation,'' Uranium stocks like Energy Fuels Inc. (NYSE:UUUU) and Cameco (NYSE:CCJ) witnessed a double-digit rise in yesterday’s trading session. In a bid to diversify its energy sources amid the rising global crisis and meet the carbon-neutral target by 2050, the Japanese government is contemplating building next-generation nuclear reactors, restarting existing offline nuclear plants, and extending their lifespans.