Uranium demand rises – Columns – PERSONAL-FINANCIAL.COM

The demand for uranium is growing faster than the supply of uranium. Ambitious emission reduction targets in many countries need nuclear energy.

The countries’ ambitious climate targets have practically revived uranium. New nuclear reactors are being built around the world, even if there were delays due to the pandemic last year, the industry will be stepping on the gas this year. The existing and the new nuclear power plants need uranium. Uranium production must increase.

Uranium demand is expected to increase by 25 percent by 2025. This comes primarily from the growing nuclear power industry in Asia. The prices for one pound of uranium are still below 50 US dollars (currently 29.40 US dollars per pound of uranium), so the ambitions of uranium producers and companies are not that high.

But it is precisely in this environment that certain companies could have the opportunity to play a significant role in the uranium market. Uranium Energy – – for example owns uranium properties ready for production, which can produce at any time if the uranium price is right. Uranium Energy is ready to contribute to uranium supplies in Texas and Wyoming. Especially in the USA, where the importance of domestic uranium production has been recognized and is being promoted.

Not only do the large nuclear power plants need uranium, small reactors are becoming increasingly established that produce clean electricity in the same way as their big sisters. Their smaller size makes them easier to integrate at required locations.

Another uranium company with promising projects, this time in the Athabasca Basin in Saskatchewan IsoEnergy – -. The area is famous for its high-quality uranium deposits and, along with Kazakhstan, is one of the most important uranium regions.

Current company information and press releases from Uranium Energy (- -) and IsoEnergy (- -).

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