Copper and uranium as favourites
The increase in the price of uranium can certainly also be attributed to the self-imposed restrictions on the production of the world's two largest uranium producers. Since April, the price has gradually gone uphill. Perhaps even US President Trump is not entirely innocent, as he wants to see production grow in the USA and perhaps the USA could impose customs duties on foreign uranium supplies. It is also interesting that Germany almost stands alone with its nuclear phase-out. In large parts of the world, however, energy generation from nuclear energy is on the advance.
Stock exchange giant Cameco wants to bring the uranium market back into balance with its closure of the McArthur mine. But higher demand is also programmed. The economic power China, for example, needs nuclear power plants in order to withdraw coal-fired power plants from service. The construction and planning of new nuclear reactors will significantly fuel China's demand for uranium in the coming years.
Uranium companies like Uranium Energy - https://www.commodity-tv.net/c/search_adv/?v=298604 - should therefore rely on the right raw material. The US-based company owns not only the strategically important Hobson processing facility in Texas near partly approved and partly advanced uranium projects, but also uranium projects in Wyoming, Arizona, Colorado, New Mexico and Paraguay.
Another raw material that China is devouring and will continue to devour in large quantities is copper. China's One Belt, One Road project also calls for massive investment. An enormous economic programme, a mammoth project, which will connect East and West by means of an enormous expansion of infrastructure. China wants to stimulate trade with Asia Minor and Europe. Copper should benefit from this, as should companies that own copper in the ground such as Panoro Minerals - https://www.commodity-tv.net/c/search_adv/?v=298566.
The Peruvian copper development and exploration company owns two advanced copper projects, the Cotabambas Gold-Silver-Copper Project and the Antilla Copper-Molybdenum Project in Southern Peru. The Kusiorcco and Humamantata early stage copper projects are also included.
Current corporate information and news releases from Uranium Energy (https://www.resource-capital.ch/en/companies/uranium-energy-corp.html) and Panoro Minerals (https://www.resource-capital.ch/en/companies/panoro-minerals-ltd.html).
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