Uranium fans have reason to rejoice
At times, uranium prices even fell below 20 US dollars per pound of U308. This was because the Fukushima disaster (2011), production increases in Canada and cheap uranium from Kazakhstan depressed prices. Now demand has gone up and outweighs supply. Last year, for example, demand for uranium was met by only 84 percent of production. This is because low prices led to less exploration activity. Uranium inventories were depleted.
Around 30 US dollars must now be paid for a pound of U308, with increasing signs of higher prices. There are more nuclear power plants in operation or under construction today than at the time of the Fukushima disaster. New power plants are being built busily, whether in China, India or the Middle East. At the same time, supply is falling as Kazakhstan and Canada produce less, and large uranium mines in Australia, for example, are reaching the end of their useful lives.
The principles of supply and demand will have an impact. The U.S. government, too, now cares about national uranium reserves, has recognized their importance. After all, the U.S. needs about 55 million pounds of uranium annually. So now could be the right time to enter the uranium market, for example by investing in the stocks of promising uranium companies.
This includes IsoEnergy - https://www.youtube.com/watch?v=zs1nI9kKmmI - with its uranium projects in the Athabasca Basin in Saskatchewan. Well financed, IsoEnergy can profit from a resurgence of the uranium sector.
Another company, International Consolidated Uranium - https://www.youtube.com/watch?v=5kmZJIQIzEM - also sees the global uranium sector picking up steam. With five uranium projects in three countries, along with gold projects in its portfolio, the company has positioned itself well in the current environment.
Clean energy from nuclear power plants is not the only way to achieve climate targets. The topic of hydrogen technology is also gaining more and more interest. Emission-free energy generation with hydrogen can be used not only for vehicles such as trucks or buses. Perhaps we will be able to heat our homes with it. The necessary catalysts and also fuel cells need raw materials, especially platinum.
Sibanye-Stillwater - https://www.youtube.com/watch?v=3DlI5lQfOew -, for example, has platinum and palladium in its projects in the USA and South Africa. The fact that the company is also a major gold producer is another big plus in the current development of the gold price.
Latest corporate information and press releases from IsoEnergy (www.resource-capital.ch/en/companies/iso-energy-ltd/) and Sibanye-Stillwater (www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/).
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