One of the most important raw materials at present is likely to be uranium, as the expansion of nuclear energy is progressing in many countries.
For a long time, the price of uranium bobbed along at a low level, with a price of 20 to 25 U.S. dollars per pound for many years. Currently, a pound of uranium costs about 58 U.S. dollars. The peak was around 150 U.S. dollars in 2007, and production costs are around 50 U.S. dollars per pound of uranium. And now the price is rising, good for the uranium companies. Supply is tight, and will probably fall even further, so that by the end of the year it may be necessary to pay considerably more than 60 U.S. dollars. Decarbonization is a big issue. Security of supply is also questionable, with about 40 percent of uranium coming from Kazakhstan. The fact that the trend toward decarbonization will continue and may even intensify can be seen in the fact that it is one of the sustainable energy sources for the European Union. Research is also being conducted on waste-free nuclear energy, financed by the EU.
The long period of low prices for uranium has led to a huge slump in research and production. For a long time, there was hardly any investment in uranium, but today the picture has changed. New power plants are under construction or being planned around the world. Moreover, the uranium market is a tight one. After all, around 70 percent of production is in the hands of just five major producers. The many new nuclear power plants that will come on stream in the coming years, especially in Asia, will require large quantities of uranium. Companies such as Uranium Energy and Consolidated Uranium are being considered for the supply of uranium.
In Canada and the USA, Uranium Energy - https://www.commodity-tv.com/ondemand/companies/profil/uranium-energy-corp/ - owns uranium projects, some of which are ready for operation, as well as a stake in the only royalty company in the uranium sector. The company has just expanded its portfolio with a third acquisition in the Athabasca Basin in Saskatchewan in the last twelve months.
Consolidated Uranium - https://www.commodity-tv.com/ondemand/companies/profil/consolidated-uranium-inc/ - owns the uranium in its projects in Australia, Argentina, Canada and the United States. Previously producing uranium and vanadium mines are located in Utah and Colorado.
Up-to-date corporate information and press releases from Consolidated Energy (- https://www.resource-capital.ch/en/companies/consolidated-uranium-inc/ -) and Uranium Energy (- https://www.resource-capital.ch/en/companies/uranium-energy-corp/ -).
In accordance with §34 of the German Securities Trading Act (WpHG), I would like to point out that partners, authors and employees may hold shares in the respective companies addressed 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 any form of recommendation or advice. Express reference is made to the risks involved in securities trading. No liability can be accepted for any damages arising from the use of this blog. I would like to point out that shares and especially 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. Despite the greatest care, I expressly reserve the right to make a mistake, especially with regard to figures and prices. The information contained is taken from sources that are considered reliable, but in no way claim to be correct or complete. Due to judicial decisions the contents of linked external pages are to be answered for (so among other things regional 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 pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG
applies additionally: https://www.resource-capital.ch/....
For a long time, the price of uranium bobbed along at a low level, with a price of 20 to 25 U.S. dollars per pound for many years. Currently, a pound of uranium costs about 58 U.S. dollars. The peak was around 150 U.S. dollars in 2007, and production costs are around 50 U.S. dollars per pound of uranium. And now the price is rising, good for the uranium companies. Supply is tight, and will probably fall even further, so that by the end of the year it may be necessary to pay considerably more than 60 U.S. dollars. Decarbonization is a big issue. Security of supply is also questionable, with about 40 percent of uranium coming from Kazakhstan. The fact that the trend toward decarbonization will continue and may even intensify can be seen in the fact that it is one of the sustainable energy sources for the European Union. Research is also being conducted on waste-free nuclear energy, financed by the EU.
The long period of low prices for uranium has led to a huge slump in research and production. For a long time, there was hardly any investment in uranium, but today the picture has changed. New power plants are under construction or being planned around the world. Moreover, the uranium market is a tight one. After all, around 70 percent of production is in the hands of just five major producers. The many new nuclear power plants that will come on stream in the coming years, especially in Asia, will require large quantities of uranium. Companies such as Uranium Energy and Consolidated Uranium are being considered for the supply of uranium.
In Canada and the USA, Uranium Energy - https://www.commodity-tv.com/ondemand/companies/profil/uranium-energy-corp/ - owns uranium projects, some of which are ready for operation, as well as a stake in the only royalty company in the uranium sector. The company has just expanded its portfolio with a third acquisition in the Athabasca Basin in Saskatchewan in the last twelve months.
Consolidated Uranium - https://www.commodity-tv.com/ondemand/companies/profil/consolidated-uranium-inc/ - owns the uranium in its projects in Australia, Argentina, Canada and the United States. Previously producing uranium and vanadium mines are located in Utah and Colorado.
Up-to-date corporate information and press releases from Consolidated Energy (- https://www.resource-capital.ch/en/companies/consolidated-uranium-inc/ -) and Uranium Energy (- https://www.resource-capital.ch/en/companies/uranium-energy-corp/ -).
In accordance with §34 of the German Securities Trading Act (WpHG), I would like to point out that partners, authors and employees may hold shares in the respective companies addressed 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 any form of recommendation or advice. Express reference is made to the risks involved in securities trading. No liability can be accepted for any damages arising from the use of this blog. I would like to point out that shares and especially 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. Despite the greatest care, I expressly reserve the right to make a mistake, especially with regard to figures and prices. The information contained is taken from sources that are considered reliable, but in no way claim to be correct or complete. Due to judicial decisions the contents of linked external pages are to be answered for (so among other things regional 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 pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG
applies additionally: https://www.resource-capital.ch/....
