Rely on uranium
(PresseBox) - The US President s tariff policy could also have an impact on the price of uranium.
In order to be less dependent on other countries, the USA would have to boost domestic nuclear fuel production. The news of possible tariffs has probably already prompted Canadian investors to focus more on gold and shares in uranium companies, for example. This is because Canada supplies around 75 percent of its exports to the USA. And Canadians want to hedge against a weakening Canadian currency. As the USA is (still) heavily dependent on uranium supplies from Canada, uranium could also be one of the commodities that are exempt from tariffs.
The USA produces the most nuclear energy and is responsible for around 30 percent of global nuclear power generation. Today, the number of nuclear reactors is increasing and the demand for electricity is also constantly growing. This is because climate targets need to be met and data centers for artificial intelligence will create even more demand for electricity. Canada, which now exports around 85% of its uranium production, is also working on expanding its nuclear power fleet. In any case, Canada is a solid and politically stable place for uranium companies.
In the famous Athabasca Basin in Saskatchewan, Canada, for example, there is Cosa Resources - https://www.commodity-tv.com/play/cosa-resources-insight-on-the-joint-venture-with-denison-mines-on-multiple-projects/ - with its outstanding uranium projects. Uranium from such countries is in demand. Tariffs and trade disputes are likely to cause problems on the supply side. This in turn brings opportunities for uranium companies based in the USA.
Uranium Energy - https://www.commodity-tv.com/play/uranium-energy-uranium-market-analysis-and-insight-on-production-and-future-production-potential/ - owns environmentally friendly and cost-effective ISR uranium projects in the USA. The company also has projects in Canada.
Current company information and press releases from Uranium Energy (- https://www.resource-capital.ch/de/unternehmen/uranium-energy-corp/ -) and Cosa Resources (- https://www.resource-capital.ch/de/unternehmen/cosa-resources-corp/ -).
In accordance with ?34 WpHG, I would like to point out that partners, authors and employees may hold shares in the companies mentioned and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of this news is valid.
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Datum: 06.03.2025 - 05:31 Uhr
Sprache: Deutsch
News-ID 718645
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