Artificial intelligence, data centers, and electrification are driving global uranium demand.
The nuclear fuel cycle begins with the mining of uranium and ends with the disposal of nuclear waste. Energy that is sufficient and always available is necessary. Nuclear energy is produced by splitting large uranium atoms into smaller atoms. This generates heat, then steam, which drives a turbine to generate electricity. After combustion, the fuel is highly radioactive and must be stored safely. However, some of it can be reprocessed. According to estimates, the Earth's crust contains around 35 trillion tons of uranium, but it is unevenly distributed across the globe.
About two-thirds of uranium production comes from Kazakhstan, Canada, and Australia. According to the International Energy Agency's (IEA) World Energy Outlook, the electrification of industry, heating, transportation, and technology will require approximately 7,000 TWh of additional electricity by 2030. That is more than the combined annual energy needs of the US and the EU.
Clean energy sources and their expansion alone cannot meet energy demand. Nuclear energy is part of the necessary energy mix. Fossil fuels and nuclear power plants will account for around 33 percent of energy production capacity by 2030 and around 22 percent by 2050. Global nuclear energy capacity will grow at an average rate of three percent over the next 15 years. New nuclear power plants and more uranium are needed. The main drivers of this growth will be the US and China. The US has to import about two-thirds of the uranium it needs. As a result, the US is investing billions in nuclear infrastructure. Uranium companies in the US include Uranium Energy and Premier American Uranium.
Uranium Energy - https://www.commodity-tv.com/ondemand/companies/profil/uranium-energy-corp/ - owns diversified uranium assets and ISR uranium projects in the US, with additional projects in Canada. Uranium mining, processing, refining, and conversion are part of the business.
Premier American Uranium - https://www.commodity-tv.com/ondemand/companies/profil/premier-american-uranium-inc/ - has uranium projects in five excellent regions in the US. With its extensive land holdings, the company is ideally positioned to strengthen energy security in the US.
Current company information and press releases from Premier American Uranium (- https://www.resource-capital.ch/en/companies/premier-american-uranium-corp/ -) and Uranium Energy (- https://www.resource-capital.ch/en/companies/uranium-energy-corp/ -).
Further information is also available in our new uranium metal report at the following link:
https://www.resource-capital.ch/en/reports/view/uran-report-2022-11-update/
Sources:
https://www.world-nuclear-news.org/articles/the-nuclear-fuel-cycle-a-guide;
https://www.resource-capital.ch/en/reports/view/uran-report-2022-11-update/
In accordance with Section 85 of the German Securities Trading Act (WpHG) in conjunction with Article 20 of Regulation (EU) 2016/958 (MAR), we hereby disclose that authors/employees/affiliated companies of SRC swiss resource capital AG may hold positions (long/short) in issuers discussed. Remuneration/relationship: IR contracts/advertorial: Own positions (author): none; SRC net position: less than 0.5%; issuer's stake in SRC ≥ 5%: no. Update policy: no obligation to update. No guarantee for the translation into German. Only the English version of this news release is authoritative.
Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly draw attention to the risks involved in securities trading. No liability can be accepted for any damage arising from the use of this blog. We would like to point out that shares and, in particular, warrant investments are generally associated with risk. The total loss of the capital invested cannot be ruled out. All information and sources are carefully researched. However, no guarantee is given for the accuracy of all content. Despite the utmost care, I expressly reserve the right to errors, particularly with regard to figures and prices. The information contained herein comes from sources that are considered reliable, but does not claim to be accurate or complete. Due to court rulings, the content of linked external sites is also our responsibility (e.g., Hamburg Regional Court, in its ruling of May 12, 1998 - 312 O 85/98), as long as we do not expressly distance ourselves from them. Despite careful content control, I assume no liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of SRC swiss resource capital AG, which is available at https://www.resource-capital.ch/de/disclaimer-agb/, applies additionally.
The nuclear fuel cycle begins with the mining of uranium and ends with the disposal of nuclear waste. Energy that is sufficient and always available is necessary. Nuclear energy is produced by splitting large uranium atoms into smaller atoms. This generates heat, then steam, which drives a turbine to generate electricity. After combustion, the fuel is highly radioactive and must be stored safely. However, some of it can be reprocessed. According to estimates, the Earth's crust contains around 35 trillion tons of uranium, but it is unevenly distributed across the globe.
About two-thirds of uranium production comes from Kazakhstan, Canada, and Australia. According to the International Energy Agency's (IEA) World Energy Outlook, the electrification of industry, heating, transportation, and technology will require approximately 7,000 TWh of additional electricity by 2030. That is more than the combined annual energy needs of the US and the EU.
Clean energy sources and their expansion alone cannot meet energy demand. Nuclear energy is part of the necessary energy mix. Fossil fuels and nuclear power plants will account for around 33 percent of energy production capacity by 2030 and around 22 percent by 2050. Global nuclear energy capacity will grow at an average rate of three percent over the next 15 years. New nuclear power plants and more uranium are needed. The main drivers of this growth will be the US and China. The US has to import about two-thirds of the uranium it needs. As a result, the US is investing billions in nuclear infrastructure. Uranium companies in the US include Uranium Energy and Premier American Uranium.
Uranium Energy - https://www.commodity-tv.com/ondemand/companies/profil/uranium-energy-corp/ - owns diversified uranium assets and ISR uranium projects in the US, with additional projects in Canada. Uranium mining, processing, refining, and conversion are part of the business.
Premier American Uranium - https://www.commodity-tv.com/ondemand/companies/profil/premier-american-uranium-inc/ - has uranium projects in five excellent regions in the US. With its extensive land holdings, the company is ideally positioned to strengthen energy security in the US.
Current company information and press releases from Premier American Uranium (- https://www.resource-capital.ch/en/companies/premier-american-uranium-corp/ -) and Uranium Energy (- https://www.resource-capital.ch/en/companies/uranium-energy-corp/ -).
Further information is also available in our new uranium metal report at the following link:
https://www.resource-capital.ch/en/reports/view/uran-report-2022-11-update/
Sources:
https://www.world-nuclear-news.org/articles/the-nuclear-fuel-cycle-a-guide;
https://www.resource-capital.ch/en/reports/view/uran-report-2022-11-update/
In accordance with Section 85 of the German Securities Trading Act (WpHG) in conjunction with Article 20 of Regulation (EU) 2016/958 (MAR), we hereby disclose that authors/employees/affiliated companies of SRC swiss resource capital AG may hold positions (long/short) in issuers discussed. Remuneration/relationship: IR contracts/advertorial: Own positions (author): none; SRC net position: less than 0.5%; issuer's stake in SRC ≥ 5%: no. Update policy: no obligation to update. No guarantee for the translation into German. Only the English version of this news release is authoritative.
Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly draw attention to the risks involved in securities trading. No liability can be accepted for any damage arising from the use of this blog. We would like to point out that shares and, in particular, warrant investments are generally associated with risk. The total loss of the capital invested cannot be ruled out. All information and sources are carefully researched. However, no guarantee is given for the accuracy of all content. Despite the utmost care, I expressly reserve the right to errors, particularly with regard to figures and prices. The information contained herein comes from sources that are considered reliable, but does not claim to be accurate or complete. Due to court rulings, the content of linked external sites is also our responsibility (e.g., Hamburg Regional Court, in its ruling of May 12, 1998 - 312 O 85/98), as long as we do not expressly distance ourselves from them. Despite careful content control, I assume no liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of SRC swiss resource capital AG, which is available at https://www.resource-capital.ch/de/disclaimer-agb/, applies additionally.
