Uranium price again with opportunities
Since 2012, the uranium price has not reached the level of US$50 per pound. The quotation even plunged to 18 US dollars. It is no wonder that moping was the order of the day and even the leading producers of this energy source put capacities and production on hold. In the meantime, however, the uranium price has not only stabilized, but also managed to climb out of its valley. Nevertheless, a price of around 30 dollars is still far from sufficient to unfreeze the frozen capacities of the producers.
Even industry giants like Cameco need a significantly higher price to expand their production again. 50 US dollars per pound is more likely to be the lower limit for the price. No wonder that the voices of analysts are getting louder, who are attributing upward potential to the uranium price. After all, demand is increasing from the ranks of electricity suppliers operating nuclear power plants. For example, the analysts of the investment house Raymond James expect the uranium price to rise to 42.50 US dollars in 2021. For 2022 they even estimate 45 US dollars.
It is estimated that the uranium price will not stop at $45. This is because most new production capacities and shut-down mines are unlikely to become interesting for producers until they exceed the $50 mark. However, there are also a number of emerging uranium companies that have promising projects that are likely to be interesting even below the $50 uranium price. These include Uranium Energy and IsoEnergy.
Uranium Energy - https://www.youtube.com/watch?v=LHMoUHn5UI8 - with the largest U.S. resource base of approved uranium projects, is well positioned to play an important role in the renaissance of U.S. uranium mining.
IsoEnergy - https://www.youtube.com/watch?v=vJ8md8fk2DU&t=9s - has several uranium projects in the Athabasca Basin in Saskatchewan. Favorable mining costs and high-grade zones in IsoEnergy's properties speak for themselves.
Current company information and press releases from Uranium Energy (www.resource-capital.ch/en/companies/uranium-energy-corp/) and IsoEnergy (www.resource-capital.ch/en/companies/iso-energy-ltd/).
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