Uranium and the Russia-Ukraine War
(PresseBox) - .
The European Parliament has voted in favor of an embargo on Russian imports, including uranium.
If there is an embargo against Russia, this will also include Russian uranium supplies for nuclear power plants in the EU. This involves around 20 percent of the uranium of the EU member states. Russia also has the largest enrichment capacity in the world. In the U.S., U.S. senators have introduced a bill on a potential ban on Russian uranium imports. It s not there yet, but presumably this is more a matter of time. So, it s clear that utilities are trying to reduce their dependence on Russia. So, uranium from the West is a commodity in demand.
Another issue that could drive uranium demand and therefore prices is the global energy crisis. And if oil and gas from Russia are no longer imported, this could give nuclear power additional appeal and thus ensure a higher share in the energy mix. Various countries have already responded, with France announcing the construction of at least six new nuclear reactors. Belgium has approved life extensions for two existing reactors. In the U.S., U.S. President Joe Biden has promised a six-billion-dollar program to support nuclear energy. Word from South Korea is that the nuclear phase-out is being reconsidered. Instead, they want to boost investments. Now could be the best time to bet on uranium companies like IsoEnergy or Consolidated Uranium.
Consolidated Uranium - https://www.youtube.com/watch?v=tAZP4Xrc-0M - owns uranium projects in Australia, Argentina, Canada and a number of permitted and past producing mines in Utah and Colorado.
IsoEnergy - https://www.youtube.com/watch?v=PMuiumbkAy4 - is active in the Athabasca Basin in Saskatchewan. The Laroque East property is particularly promising.
Current corporate information and press releases from IsoEnergy ??(- https://www.resource-capital.ch/en/companies/iso-energy-ltd/ -) and Consolidated Uranium (- https://www.resource-capital.ch/en/companies/consolidated-uranium-inc/ -).
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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Unternehmensinformation / Kurzprofil:
Datum: 03.05.2022 - 01:26 Uhr
Sprache: Deutsch
News-ID 659399
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