Climate targets in focus
According to calculations by McKinsey & Co., global electricity consumption will double by 2050. This is due in particular to demand from the transport sector and also the electricity requirements of buildings. Immense investments are needed to drive forward the planned decarbonization. According to McKinsey, this will amount to around 50 trillion US dollars over the next 30 years.
Wind and sun as energy sources are unpredictable candidates. In order to regulate their own ups and downs, electricity storage is necessary, which makes the whole thing significantly more expensive again. Regularity and precise predictability, on the other hand, are offered by electricity generation from nuclear power plants and are environmentally friendly. For example, the group Climate Scientists for Nuclear advocates nuclear power to reduce CO2. And, while not in Germany, the construction and planning of new nuclear power plants is underway around the globe.
The nuclear power plants need uranium. And uranium, along with gold, was one of the raw materials with a very good price development. Uranium Energy - https://www.youtube.com/watch?v=h8Qu1EGWgIE -, for example, has this in its projects. Located in Texas and in Wyoming, several plants are already licensed and ready for operation.
When it comes to storing electricity, battery metals are important. These include cobalt and lithium, for example, and the quality of the raw materials is also important. Millennial Lithium - https://www.youtube.com/watch?v=h8Qu1EGWgIE - has lithium of the best battery quality in its lithium projects in Argentina. At the Pastos Grandes project, the lithium carbonate pilot plant is currently being commissioned.
Current corporate information and press releases from Uranium Energy (https://www.resource-capital.ch/en/companies/uranium-energy-corp/) and Millennial Lithium (https://www.resource-capital.ch/en/companies/millennial-lithium-corp/).
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