The uranium boom - an opportunity for investors

The uranium boom - an opportunity for investors

Uranium was already one of the best-performing commodities in 2023. And the uranium deficit will continue to drive up prices.

Astute investors are certainly keeping an eye on the development of the uranium market and uranium companies. It is true that the price of uranium has fallen somewhat from the record price of around 106 US dollars per pound in January. However, everything looks set for uranium prices to rise again. The reason is the deficit; uranium is in short supply worldwide. This is not least due to the uranium country Niger. According to the World Nuclear Association, Niger was the sixth largest uranium producer. However, a lot has changed since the coup d'état in 2023. The country no longer recognizes various contracts. As a result, Niger is the third most important uranium supplier for France after Kazakhstan and Australia.

The USA has imposed an import ban on uranium from Russia. And so it is no wonder that uranium is in short supply with the global boom in nuclear power. Uranium should therefore become more expensive. The number of new nuclear power plants is constantly increasing and they all need uranium. After the uranium price had been flat for a long time, there was little investment in the uranium market and mines were shut down. Many, for example Citibank, are therefore forecasting a 68 percent higher uranium price for 2025. This should please the uranium companies. In addition, major economies have promised to triple their nuclear power capacities by 2050. According to the International Atomic Energy Agency, global uranium demand is expected to exceed 100,000 tons by 2040. That would be double the current global production volume. Far-sighted uranium companies are prepared for further developments on the uranium market.

Cosa Resources - https://www.commodity-tv.com/play/mining-news-flash-with-calibre-mining-cosa-resource-vizsla-silver-and-us-goldmining/ - has acquired two additional properties in the Athabasca Basin in Saskatchewan in addition to its existing uranium projects.

Uranium Energy - https://www.commodity-tv.com/play/mining-news-flash-with-goldmining-and-uranium-energy/ - is also well prepared with its high-grade projects in Canada and the USA. The projects in the USA are cost-effective and environmentally friendly in-situ recovery projects. Production has just been successfully resumed in Wyoming, with uranium concentrations in line with expectations.

Current company information and press releases from Cosa Resources (- https://www.resource-capital.ch/de/unternehmen/cosa-resources-corp/ -) and Uranium Energy (- https://www.resource-capital.ch/de/unternehmen/uranium-energy-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.

 Disclaimer: The information provided does not constitute a recommendation or advice. The risks involved in securities trading are expressly pointed out. No liability can be accepted for damages arising from the use of this blog. I would like to point out that shares and in particular warrant investments are always associated with risk. The total loss of the capital invested cannot be ruled out. All information and sources are carefully researched. However, no guarantee is given for the correctness of all content. Despite the utmost care, I expressly reserve the right to make errors, particularly with regard to figures and prices. The information contained herein comes from sources that are considered reliable, but in no way claims to be accurate or complete. Due to court rulings, the contents of linked external sites are also to be answered for (e.g. Hamburg Regional Court, in the ruling of May 12, 1998 - 312 O 85/98), as long as no explicit dissociation from these is made. Despite careful control of the content, I assume no liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/de/disclaimer-agb/.