Uranium expected to average $120 per pound in 2025, BofA says

** Bank of American Global Research analysts say they are bullish on uranium, seeing prices averaging $120/lb in 2025 and at $135/lb by 2026

** "Longer term, we believe China drives story with plans to materially increase installed generating capacity as it decarbonizes its energy supply," BofA says

** Physical commodity trading firm Curzon Resources says demand for uranium to pick up in September and continue into 2025 on typical seasonality and increased U.S. utility buying following waiver clarity, but supply to be slow to respond

** BofA says globally 60 reactors under construction and a further 110 planned for the next decade