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points form the article:

- reduced output as many mining operations were discontinued, increased demand as new reactors are in the planning stages, and large physical investments in uranium, which take it off the market to generate electricity.

- production fell to 123 million pounds in 2020, the lowest level since 2008. Current production falls short of global uranium demand, which is around 180 million lbs and expected to grow.

- Bringing new mines online, particularly within this highly regulated industry, with dangerous materials, and heightened environmental consciousness will be slow.

- Sprott Physical Uranium Trust (OTC:SRUU.F).

- Additionally, the U.S. is investing in a strategic uranium reserve. This is expected to pull U308 from mining production in the U.S. The 2021 proposed federal budget includes $150 million for the creation of a U.S. uranium reserve over the next ten years. While this can serve to stabilize prices down the road, initially, it will be competing for a scarce resource from U.S. based mining companies

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