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Energy crisis – nuclear power plants – uranium demand


If nuclear power plants are ramped up again, uranium prices should rise.

The energy crisis is already here, on a global scale, and it is growing. Rising energy costs will force the use of nuclear power. Just recently, Japan announced it would have seven more nuclear reactors back in production. This brings to 17 the number of plants in operation in Japan, which alone will consume about eight million pounds of uranium. As energy prices continue to skyrocket worldwide, many will follow Japan\-s lead, as energy prices have reached record highs. And domestically produced energy has become valuable. Wind and solar power are not enough to meet the growing demand for energy. Given the choice of coal, natural gas or nuclear power, nuclear energy is the safest and cleanest option.

Besides, with nuclear energy, supply and prices are stable. This is because uranium accounts for around five percent of the total cost of operation. In a natural gas power plant, fuel accounts for as much as 70 percent of total operating costs – a huge difference. If the price of uranium were to double when operating a nuclear power plant, the impact on consumers would logically be small. The fact that the price of uranium will go up suggests that supply and demand are not in balance. Whereas 130 million pounds of uranium were produced last year, this year\-s demand is estimated at 180 million pounds of uranium. Demand is forecast to be around 200 million pounds of uranium a year for the next few years.

For example, IsoEnergy – https://www.youtube.com/watch?v=zvnfOE-2hXU – has uranium projects in the Athabasca Basin in Saskatchewan, which is an excellent uranium area.

Consolidated Uranium has secured a substantial portfolio of projects. These are located in Australia, Canada, Argentina and the USA and contain uranium, vanadium and rare earth elements.

Current corporate information and press releases from IsoEnergy (- https://www.resource-capital.ch/en/companies/iso-energy-ltd/ -) and Consolidated Uranium (- https://www.resource-capital.ch/en/companies/consolidated-uranium-inc/ -).

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.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always 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 errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 – 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/

Posted by on 8. September 2022. Filed under Internet, Picture Gallery. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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