At times, uranium prices even fell below US $ 20 per pound of U308. The Fukushima disaster (2001), production increases in Canada and cheap uranium from Kazakhstan depressed prices. Now the demand has gone up and outweighs the supply. Last year, the demand for uranium was only covered by 84 percent of production. Because the low prices led to less exploration. Uranium stocks were depleted.
Around 30 US dollars now have to be shelled out for a pound of U308, with signs of higher prices increasing. There are more nuclear power plants in operation or under construction today than in the days of the Fukushima disaster. New power plants are being built eagerly, whether in China, India or the Middle East. The supply is falling at the same time, as Kazakhstan and Canada produce less and large uranium mines in Australia, for example, are reaching the end of their lifespan.
The principles of supply and demand will have an impact. The US government is also now looking after national uranium reserves and has recognized their importance. After all, the US needs around 55 million pounds of uranium annually. Now could be the right time to enter the uranium market, for example with an investment in the values of promising uranium companies.
That includes IsoEnergy – https://www.youtube.com/watch?v=zs1nI9kKmmI – with its uranium projects in the Athabasca Basin in Saskatchewan. Well financed, IsoEnergy can benefit from a resurgence in the uranium sector.
Another company International Consolidated Uranium – https://www.youtube.com/watch?v=SZ565Wr_OHg – also sees the global uranium sector picking up speed. With five uranium projects in three countries, plus gold projects in the portfolio, the company has positioned itself well in the current environment.
It is not just clean energy from nuclear power plants that is used to achieve climate targets. The subject of hydrogen technology is also gaining more and more interest. Emission-free energy generation with hydrogen can not only be used for vehicles such as trucks or buses. Maybe we’ll be able to heat our houses with it. The necessary catalysts and fuel cells need raw materials, especially platinum.
Platinum as well as palladium possesses for example Sibanye-Stillwater – https://www.youtube.com/watch?v=3DlI5lQfOew – in the USA and in South Africa in his projects. The fact that the company is also a large gold producer is another big plus given the current development of the gold price.
Current company information and press releases from IsoEnergy (- https://www.resource-capital.ch/de/unternehmen/iso-energy-ltd/ -) and Sibanye-Stillwater (- https://www.resource-capital.ch/de/unternehmen/sibanye-stillwater-ltd/ -).
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