Uranium price picks up
(PresseBox) - At the beginning of January, the price of a pound of uranium was 34 U.S. dollars; currently it is 46 U.S. dollars.
The experts who talk about rising uranium prices seem to be right. As a reminder, at the beginning of 2020, the price was still at a low of only 20 U.S. dollars per pound, so an impressive increase is a given. This, of course, is having an impact on the share prices of uranium companies. From a long-term perspective, too, the times seem rosy for the uranium sector. This is because there is still a clear discrepancy between the price and the price necessary for there to be new supply and for the existing supply to be maintained in an economically viable manner.
And according to a forecast by the International Atomic Energy Agency (IAEA), global nuclear capacity is expected to double by 2050. Decarbonization efforts will drive the construction of new nuclear power plants. At the moment, nuclear power provides about ten percent of the world s electricity. Globally, there are about 450 reactors today and 50 under construction, most of them in China. There is a need for new generation capacity, as old fossil fuel units need to be replaced. In the process, electricity demand is also increasing in many countries. Uranium supply is constrained, so many expect the price of uranium to continue its upward trend. Whether it will be similar to 2007, when the uranium price rose to an all-time high, from $45 to $139 per pound of uranium, remains to be seen.
If you look at uranium companies, you ll like Consolidated Uranium - https://www.youtube.com/watch?v=HvzfwSR2A4o&t=38s -. The company acquires and develops uranium projects around the globe, building up a substantial portfolio.
IsoEnergy - https://www.youtube.com/watch?v=ueS0RMOkMkQ - is also committed to uranium and is active in the Athabasca Basin in Saskatchewan, a particularly good place for uranium projects.
Current company information and press releases from Consolidated Uranium (- https://www.resource-capital.ch/en/companies/consolidated-uranium-inc/ -) and IsoEnergy (- https://www.resource-capital.ch/en/companies/iso-energy-ltd/ -).
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.
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Datum: 19.01.2022 - 01:58 Uhr
Sprache: Deutsch
News-ID 653960
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"Uranium price picks up"
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