In 2025, global uranium mine supply is projected to be 176 million pounds, while demand is expected to reach 182 million, resulting in a 6 million-pound deficit. This shortfall is expected to increase significantly over the next 15 years. By 2040, uranium demand is forecast to surge to 397 million pounds, a staggering 118% increase from 2025 levels, while supply is only expected to grow modestly to 201 million, up just 14%. The result: an anticipated deficit of 197 million po

The silver market is currently in the spotlight, with the price of the metal recently trading above $48/oz in early October 2025. This price movement occurs alongside a long-term, fundamental trend in the market: a growing supply shortage.