Tracy Shuchart, CEO and founder of Hilltower Resource Advisors, said in a recent interview with Investing News Network that 2025 is definitely going to be a great year for the energy industry. It’s not just because the incoming Trump administration is very pro-energy and pro-nuclear. And with demand exploding, the energy sector won’t be as neglected as it has been in the past years.
In the uranium space, she notes, some North American juniors have been underperforming the big producers’ stocks, but with uranium prices consolidating in the $80 to $85 (per pound) range, the prospect of a rise above $100 in 2025 would be a big boost to profits for uranium explorers and producers as well.
While Scott Melbye, executive vice president of Uranium Energy Corp (UEC), echoed the sentiment that uranium prices will continue to rise in the coming year, returning to triple-digit levels, citing growing global acceptance of nuclear power and the need for new uranium production to meet growing demand.
Uranium prices have been volatile this year, having risen above $100 in February before falling below $80 dollars in early November.
Melbye, in an interview with Kitco News on the sidelines of New Orleans Investment Conference, said he expects the price of uranium to rise sharply from its current level, and that a U.S. ban on imports of Russian uranium has highlighted the need for a strong domestic fuel cycle. U.S. companies currently import about $1 billion worth of enriched uranium annually from Rosatom, according to the Washington Post.
Melbye noted that in 2025, growing demand for electricity in the context of the green energy transition, electrification, and data centres and artificial intelligence applications will bring about a surge in demand for uranium. And Trump’s recent election heralds a shift in U.S. energy dominance to a greater reliance on natural gas and nuclear energy.
Trump’s “America First” stance on energy security will play an important role, including helping with the licensing and permitting of new mines and reducing regulatory red tape to produce more nuclear fuel domestically.
In the view of industry insiders, the mood of the uranium market has shifted significantly, and the outlook for the uranium market in 2025 is very bright, as awareness of the energy crisis continues to grow and nuclear energy is accepted as a viable solution by more and more people.
