2258 GMT - Uranium prices are likely to rise to $100/lb next year, says Citi. "Term prices have been trading at $80/lb in the past five months, which we consider supportive for our bullish narrative," analyst Arkady Gevorkyan says. Uranium has increased to $73/lb in recent months, and Citi thinks it will achieve $80/lb over the coming three months. "The bullish risk skew for uranium prices is significant when combined with potential under delivery of uranium producers and an increasing energy demand that incentivize an increase in nuclear energy capacity," Citi says. It highlights higher demand in China. Also, the development of small modular reactors is important. These SMRs could account for 20% of total uranium demand by 2040, Citi says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

August 31, 2025 18:58 ET (22:58 GMT)

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