Uranium is booming
(PresseBox) - Uranium may soon become even more of a scarce commodity and then increase in price - good for uranium companies.
It looks like the uranium market will return to its old strength in 2022. If you think back to 2006, the price of uranium rose to around US$138 per pound, from US$20 previously. Even today, triple-digit uranium prices are already being discussed. Today we are at just under 57 US dollars. Much of the uranium comes from Kazakhstan, but there was unrest there earlier this year and it is uncertain what the future holds there.
Apart from Germany, nuclear energy is in demand worldwide; it is being planned and built, especially in Asia. Because this is the only way to effectively reduce emissions. The sanctions against Russia have caused the price of uranium to explode. After all, there is a threat of supply shortfalls on the part of Russia. Russia recently announced that it is considering a ban on uranium deliveries to the USA in response to the energy sanctions. It is not only the U.S. that has realized that dependence on foreign uranium supplies is not so beneficial. About half of the nuclear power plants in the U.S. are fueled by uranium that comes from Kazakhstan and Uzbekistan.
The uranium company in the USA that owns the most projects capable of producing in the short term is Uranium Energy. With two operational production platforms and seven licensed ISR uranium projects, Uranium Energy - https://www.youtube.com/watch?v=Wg4tVigWYt4&t=207s - is well positioned. The development on the uranium market can be seen well, for example, in the company's share price; as with the uranium price, it is going strongly upwards.
Uranium companies that will soon be ready for production and are located in excellent uranium areas, such as Consolidated Uranium - https://www.youtube.com/watch?v=pykE9CRrrCc&t=5s , are of interest to investors. This company owns a number of permitted and previously producing mines in Utah and Colorado, in addition to uranium projects in Australia, Argentina, Canada.
Latest corporate information and press releases from Consolidated Uranium (- https://www.resource-capital.ch/de/unternehmen/consolidated-uranium-inc/ -) and Uranium Energy (- https://www.resource-capital.ch/de/unternehmen/uranium-energy-corp/ -).
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Datum: 15.04.2022 - 07:13 Uhr
Sprache: Deutsch
News-ID 658637
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"Uranium is booming"
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