Nuclear power for CO2-free energy production

According to forecasts by the World Nuclear Association, demand for uranium is expected to increase by 27% between 2021 and 2030. From 2031 to 2040, demand is expected to increase by 38 percent. However, some time has passed since this forecast was made and the number of countries relying on nuclear power has increased. At the same time, global uranium production is expected to grow by a good four percent annually from 2024 to 2030. Canada and Kazakhstan are primarily responsible for the increase in uranium production. It is difficult to say whether there will soon be a uranium peak. This is because the size of the reserves depends on the economically recoverable deposits. And the price is the decisive factor. If the price of uranium rises, the quantity of economically exploitable reserves will also increase. Uranium is actually a common metal that is found in the earth’s crust and in seawater.

It is also not known exactly how large the total global reserves of uranium are. The extraction of uranium from the oceans, for example, could perhaps pay off at some point if the price of uranium is correspondingly high. Incidentally, uranium has been successfully mined since the 1940s. Back then, generating electricity from uranium was actually just a side effect of the arms race. After the accident in Fukushima, uranium prices fell dramatically. But today the situation is different. Electricity from nuclear reactors has become very attractive as a CO2-free energy generation option in times of climate change. This is also reflected in the price.

Today, a pound of uranium costs around 90 US dollars. In January 2024, the price even jumped above the 100 US dollar mark. If you want to bet on the comeback of nuclear power, you can do so with the shares of uranium companies such as Uranium Energy or Cosa Resources.

Cosa Resources – https://www.commodity-tv.com/ondemand/companies/profil/cosa-resources-corp/ – has promising uranium projects in the Athabasca Basin in Saskatchewan. These cover a good 200,000 hectares of land.

Uranium Energy – https://www.commodity-tv.com/ondemand/companies/profil/uranium-energy-corp/ – is restarting its Christensen Ranch project in Wyoming. Production is expected to start in August 2024. Uranium Energy owns uranium projects in the USA and Canada as well as various uranium interests.

Current company information and press releases from Cosa Resources (- https://www.resource-capital.ch/en/companies/cosa-resources-corp/ -) and Uranium Energy (- https://www.resource-capital.ch/en/companies/uranium-energy-corp/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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