Uranium: The Positive Narrative Is About To Change

Goehring & Rozencwajg Associates 1K Follower s Follow 5 Share Save Play ( 19min ) Comment (1) Summary Uranium prices continued to move higher in the third quarter with spot prices rising nearly 12%. The World Nuclear Association's base-case scenario now expects capacity to reach 746 GWe by 2040. We believe uranium markets next year will slip into outright operating deficit as mine supply falls. Kazatomprom announced in September 2024 that it was cutting its 2025 production forecast from 80 million pounds to 69 million. Any delay in achieving those volumes will further widen the global uranium market's structural deficit, particularly as demand accelerates into the 2030s. Использую только собственные снимки, сделанные на фотоаппараты разных производителей/iStock via Getty Images The following segment was excerpted from the Goehring & Rozencwajg Natural Resource Market Q3 2025 Commentary originally posted on Nov. 26, 2025. Trump’s $120 bn nuclear deal a This article was written by Goehring & Rozencwajg Associates 1K Follower s Follow Goehring & Rozencwajg (G&R) is a fundamental research firm focused exclusively on contrarian natural resource investments, with a team with over 30 years of dedicated resource experience. G&R is an SEC-Registered Investment Advisor. Note: This account is not managed or monitored by Goehring & Rozencwajg, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Goehring & Rozencwajg's official channels.

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