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Uranium demand reviving

This is how the World Nuclear Association sees it. Rapid growth in uranium demand predicted up to 2040

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The 19th report of the World Nuclear Association examined the demand and supply of uranium from 2019 to 2040. Various scenarios were examined, as were the influencing factors. These include politics, public acceptance, nuclear economics and combating climate change.

Global nuclear power plant capacity was 398 gigawatts in 2018. At the end of 2018, 450 nuclear power plants were in operation. A capacity of 462 gigawatts is forecast for 2030 and 569 gigawatts for 2040. Based on a different scenario, the figures are 537 and 776 gigawatts respectively.

The rising demand is caused by France (extension of reactor life), the USA (operation of reactors up to 80 years) and extensive plans by China and India to expand nuclear power. New power plants are also expected in countries such as Turkey, Egypt and Bangladesh.

At the same time, the supply is becoming scarcer. While global production in 2016 was 62,221 tons of uranium, 53,498 tons of uranium were still produced in 2018. Low uranium prices led to limited uranium production. In addition, Kazakhstan, the leading uranium-producing country, will further reduce its production next year. At some point, all this should be reflected in the price of uranium, and the uranium companies, such as IsoEnergy or Uranium Energy, should also be pleased with it.

Uranium Energy - https://www.commodity-tv.com/play/uranium-energy-is-uniquely-positioned-for-uranium-price-growth/ - owns the largest ISR uranium project in Wyoming, USA (under construction) and three ISR projects in Texas plus the fully licensed Hobson processing plant. Further uranium projects and a high-quality ferro-titanium deposit round off the portfolio.

IsoEnergy - https://www.commodity-tv.com/play/isoenergy-drilling-new-target-areas-in-winter-2020/ - owns several uranium projects in the Athabasca Basin in Saskatchewan and a uranium property in Nunavut. Recently, two other promising uranium projects (100 percent) were added in the eastern Athabasca Basin. 

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/).

In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the German version of these messages applies.

Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that shares and in particular warrant investments are generally associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents 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/en/disclaimer/ 

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Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

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