Decisions of governments could hang over market
Uranium investors are on a roll, with several prominent uranium-based investment vehicles gaining over 30% already in 2023, and are confident that tight supplies and strong demand will keep the positive momentum going.
A key stance reversal on nuclear power came from Finland’s Green Party, which for decades had been a fierce opponent of nuclear power but in 2022 voted overwhelmingly to rewrite its party manifesto and categorize nuclear power as a form of sustainable energy. As the first Green Party to adopt the stance, it provided license for other Green political groups to follow suit.
Even in Germany, which just shuttered its last remaining nuclear plants earlier this year, there have been calls from within the ruling coalition government to stop the dismantling of old plants in case they are needed in future.
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