Global trend toward more nuclear energy
(PresseBox) - Germany and Austria are exceptions, but nuclear power is being expanded worldwide.
For example, Poland, which still gets 80 percent of its energy from coal, is planning to go big into nuclear power. Nuclear power plants will increase in number over the next few years. In Great Britain, eight new nuclear power plants are expected to see the light of day. France is a big proponent of nuclear power anyway. So that uranium demand will increase is the inevitable consequence. And the fact that uranium prices can rise sharply can be seen from the past. From 1973 to 1978, the price of uranium went up by 629 percent. From 2000 to 2007, prices also rose by 1801 percent. The third super cycle could now be imminent. Because uranium has become presentable in contrast to gas and oil. If investors want to jump on the bandwagon, they could also consider investing in smaller uranium companies. While this is riskier, the leverage is also significantly greater.
The fact that it will not be possible to achieve climate targets without uranium is shown by the figures for wind and solar energy. Although these areas have been favored, they are only responsible for a good ten percent of global electricity production. Uranium supplies are scarce, and they could reach new heights. South Korea, for example, is relying heavily on nuclear power. Already, around 33 percent of its electricity supply comes from nuclear power. The country is also on board with the construction of the first power plant in the United Arab Emirates. Russia is no longer a reliable supplier; most uranium comes from Canada and Kazakhstan.
Consolidated Uranium - https://www.commodity-tv.com/ondemand/companies/profil/consolidated-uranium-inc/ - has uranium projects in Australia, Argentina, Canada and the USA. Production start-up is possible at short notice. A subsidiary takes care of projects in Wyoming and Colorado.
Labrador Uranium - https://www.commodity-tv.com/ondemand/companies/profil/labrador-uranium-inc/ - owns prospective uranium projects in Labrador and Nunavut, thus in two mining-friendly regions.
Current corporate information and press releases from Consolidated Energy (- https://www.resource-capital.ch/en/companies/consolidated-uranium-inc/ -) and Labrador Uranium (https://www.resource-capital.ch/en/companies/labrador-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: 20.06.2023 - 09:11 Uhr
Sprache: Deutsch
News-ID 685979
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