NUKL.DU is trading at €47.41, up +3.07%, as uranium demand expectations strengthen.
- Uranium’s long-term contract price reached an 18-year high near $94 per pound, signaling persistent supply tightness.
- China approved eight new nuclear reactors on July 31, strengthening expectations for multi-year uranium demand.
- Uranium-related equities recently outperformed amid AI-driven electricity demand, while spot prices remain elevated near $86–$87 per pound.