lThe uranium sector is bracing itself for higher uranium prices after the USA banned Russian nuclear fuel.
A pound of uranium currently costs around 92 US dollars. More and more people are now predicting that the price will soon reach 100 or perhaps even 150 US dollars per pound of uranium. But even if the uranium price rises to 150 US dollars, new mines will not be able to start up any faster. The construction and planning of nuclear power plants point to a sharp rise in demand for uranium and thus higher prices. And many governments have recognized that the necessary energy mix will only work if uranium is included. The UK, for example, supports the domestic production of low-enriched uranium.
The US Department of Energy is also pouring dollars into strengthening the nuclear industry, for example to keep nuclear power plants running. Reviving a decommissioned nuclear power plant is no simple matter and it also shows the change of direction in government policy. In addition, the uranium market is predicted to have a deficit of one billion pounds by 2040. The goal of tripling global nuclear energy capacity by 2050 could even result in a uranium deficit of 2.2 billion pounds. The imbalance between uranium supply and demand is therefore likely to increase.
And so, there are several uranium companies that are holding out the prospect of restarting their uranium properties. The Langer Heinrich uranium mine in Namibia, for example, successfully restarted uranium production in March after commercial production was interrupted in 2018. Production still needs to be ramped up. Around 411 nuclear power plants are currently in operation worldwide and the number is set to rise. Nuclear power currently accounts for around nine percent of global electricity generation.
One of the well-positioned uranium companies is Premier American Uranium - https://www.commodity-tv.com/ondemand/companies/profil/premier-american-uranium-inc/ - with its uranium projects in the USA, in Wyoming and in Colorado.
Those who value diversification should take a look at Uranium Royalty - https://www.commodity-tv.com/ondemand/companies/profil/uranium-royalty-corp/ -, the only royalty company in the uranium sector. Royalties, streaming agreements and physical uranium are in the portfolio.
Current company information and press releases from Uranium Royalty (- https://www.resource-capital.ch/en/companies/uranium-royalty-corp/ -) and Premier American Uranium (- https://www.resource-capital.ch/en/companies/premier-american-uranium-corp/ -).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
Disclaimer:
The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/.
A pound of uranium currently costs around 92 US dollars. More and more people are now predicting that the price will soon reach 100 or perhaps even 150 US dollars per pound of uranium. But even if the uranium price rises to 150 US dollars, new mines will not be able to start up any faster. The construction and planning of nuclear power plants point to a sharp rise in demand for uranium and thus higher prices. And many governments have recognized that the necessary energy mix will only work if uranium is included. The UK, for example, supports the domestic production of low-enriched uranium.
The US Department of Energy is also pouring dollars into strengthening the nuclear industry, for example to keep nuclear power plants running. Reviving a decommissioned nuclear power plant is no simple matter and it also shows the change of direction in government policy. In addition, the uranium market is predicted to have a deficit of one billion pounds by 2040. The goal of tripling global nuclear energy capacity by 2050 could even result in a uranium deficit of 2.2 billion pounds. The imbalance between uranium supply and demand is therefore likely to increase.
And so, there are several uranium companies that are holding out the prospect of restarting their uranium properties. The Langer Heinrich uranium mine in Namibia, for example, successfully restarted uranium production in March after commercial production was interrupted in 2018. Production still needs to be ramped up. Around 411 nuclear power plants are currently in operation worldwide and the number is set to rise. Nuclear power currently accounts for around nine percent of global electricity generation.
One of the well-positioned uranium companies is Premier American Uranium - https://www.commodity-tv.com/ondemand/companies/profil/premier-american-uranium-inc/ - with its uranium projects in the USA, in Wyoming and in Colorado.
Those who value diversification should take a look at Uranium Royalty - https://www.commodity-tv.com/ondemand/companies/profil/uranium-royalty-corp/ -, the only royalty company in the uranium sector. Royalties, streaming agreements and physical uranium are in the portfolio.
Current company information and press releases from Uranium Royalty (- https://www.resource-capital.ch/en/companies/uranium-royalty-corp/ -) and Premier American Uranium (- https://www.resource-capital.ch/en/companies/premier-american-uranium-corp/ -).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
Disclaimer:
The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/.
