The USA need uranium
Therefore, no duty is now levied on US uranium imports. Uranium stocks outside the USA then recorded growth. Only two percent of the uranium required comes from American uranium mines. The USA accounts for around 30 percent of global consumption.
There are currently 97 nuclear reactors in the USA connected to the electricity grid. Among the European countries, France has the largest number of reactors. The number of nuclear power plants is growing the fastest in China. Around 55 nuclear power plants are being built worldwide. In China, 45 reactors are currently in operation and a further 11 are under construction.
In 2018, about ten percent less uranium came from the world's uranium mines, or 137 million pounds of uranium. In 2019, for example, the total supply will fall by around 8.5 percent. One up-and-coming uranium company that will particularly benefit from a rising uranium price - which will come sooner or later - is Uranium Energy - https://www.commodity-tv.net/c/search_adv/?v=299221. With licensed and operational facilities (the Hobson processing plant) in South Texas, production can start at short notice. In addition to uranium projects in South Texas, Uranium Energy in Wyoming owns the largest pre-construction ISR uranium project in the USA, Reno Creek.
Large uranium deposits are also located in Saskatchewan, Canada. IsoEnergy - https://www.commodity-tv.net/c/search_adv/?v=299169, for example, is active in the Athabasca basin there. Its Laroque East property already convinced with beautiful drilling results. IsoEnergy holds a total of 13 strategically located properties in the eastern Athabasca Basin. The most important projects are Larocque East, Geiger, Thorburn Lake and Radio.
Current company information and press releases from Uranium Energy (https://www.resource-capital.ch/en/companies/uranium-energy-corp/) and IsoEnergy (https://www.resource-capital.ch/en/companies/iso-energy-ltd/).
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