Economies are growing, as in Vietnam, and with them the hunger for energy. Energy demand in Vietnam is increasing by around 16 percent per year. The energy needs to be reliable and climate-friendly. The Southeast Asian country is once again pursuing plans to develop nuclear power plants. These were suspended after the Fukushima disaster. The first nuclear power plants are due to be connected to the grid between 2030 and 2035. This will require expertise from abroad, and negotiations are already underway with Russia, Japan, France and other countries. And according to their own statements, Russia and Vietnam want to sign contracts for the construction of nuclear power plants as soon as possible. Nuclear energy should make Vietnam climate-neutral by 2050. Until now, Vietnam has mainly focused on coal and hydropower, but the search for new hydropower sites is difficult. Nuclear power is also part of the energy future due to climate change and the goal of reducing CO2 emissions. And Vietnam is not alone in its plans to rely on nuclear power. The USA, China, France and Russia are leaders in the nuclear sector. The first reactors were built in the 1950s. Since then, technologies have progressed and there are various types of reactors. The Chernobyl and Fukushima disasters have led to stricter inspections and safety standards. The major expansion of nuclear power in many regions of the world will drive up demand for uranium. Shortages could lead to higher uranium prices.
This is good news for Premier American Uranium - https://www.commodity-tv.com/ondemand/companies/profil/premier-american-uranium-inc/ , for example. The company owns uranium properties in excellent uranium regions such as Colorado, Wyoming and New Mexico.
Investors get diversification with an investment in Uranium Royalty - https://www.commodity-tv.com/ondemand/companies/profil/uranium-royalty-corp/ -, because it is the only company in the uranium royalty sector. Royalties, streams, shares in uranium companies and physical uranium transactions are among the activities of the royalty company.
Current company information and press releases from
Uranium Royalty (https://www.resource-capital.ch/en/companies/uranium-royalty-corp/ ) and Premier American Uranium (https://www.resource-capital.ch/en/companies/premier-american-uranium-corp/ ).
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