Uranium is having another banner week, as the spot price climbs to its highest point in 16 years and seemingly more and more attention is being paid to the other yellow metal. Here are a few of the conversations going on in the background.
Has the mainstream market really caught up?
Tweets like this are obviously pure speculation, but the note about the lack of Reddit posts about uranium is definitely interesting. Some pundits on Twitter are arguing that we are at or near the top of the uranium market, and that the rally can't outlast the hype. But the lack of noise about uranium in some of the mainstream town squares seems to say that upside from the mainstream still lies in store.
Morgan Stanley loves uranium for 2024
Between the ETFs, the runaway spot market, and the rise in nuclear utility contracting, Morgan Stanley (and other large banks, too) are optimistic about the upcoming U3O8 market.
Not everyone is celebrating
Meanwhile, as uranium spot reaches 16-year highs, a potential ban on Russian uranium is incoming, and big banks are piling in, there remains a fairly large contingent of uranium bears in the mix. The argument goes that the charts indicate a potential incoming top-out and pullback, and that the current rally has too much hype throwing it beyond its fundamentals. We're skeptical to say the least, but there are a few good points being made on that side of the fence.
Still, there's plenty of good news from companies like UEC
