Some interesting things happened in the world of Australian uranium stocks today. We look at the Trump effect.
Chinese demand for uranium is set to explode. Current demand stands 64,000 tonnes globally, and China’s demand is set to rise to 88,000–100,000 tonnes by 2025.
Australia has the world’s largest deposits of uranium, with 34% of the global total. It’s the world's third-ranking producer, behind Kazakhstan and Canada. But this could be set to change.