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Establish positions in the uranium sector



Analysts expect the uranium price to continue to rise.

According to the forecasts of Canaccord Genuity experts, the demand for uranium and uranium prices will continue to rise. Therefore, investors should consider adding to positions in uranium. Not only is the demand for U3O8 growing, but supply is also tight. Therefore, the price dynamics will increase.

Forward market activity is increasing, the market is tightening, and market sentiment in uranium continues to improve. As a result of these developments, financial services firm Canaccord Genuity has raised its global long-term uranium price expectation from $65 to $75 per pound. In addition, the company is maintaining a western premium. At the beginning of the year, the uranium spot price was still at US$48 per pound. Currently, a pound of uranium costs a good US$66, more than in the past twelve years.

According to estimates, average annual uranium demand is expected to increase by around 3.6 percent by 2030. This will result in an increase in annual uranium demand of around 30 percent from 2030. This is because China and India in particular are busily building new reactors, and lifetime extensions in the West are also creating more demand for uranium. Looking at stockpiles, they are close to recent lows, with pressure on them increasing.

And there no longer appears to be an inventory overhang. So going forward, pricing in the uranium market should be guided more by the cost curve than by inventory. Investors who also believe in rising uranium prices should familiarize themselves with companies like Consolidated Uranium and Latitude Uranium.

Consolidated Uranium – https://www.commodity-tv.com/ondemand/companies/profil/consolidated-uranium-inc/ – owns uranium projects in Australia, Canada, Argentina and the USA.

Latitude Uranium – https://www.commodity-tv.com/ondemand/companies/profil/latitude-uranium-inc/ – is developing two uranium projects in Canada. One of these is among the highest-grade uranium properties outside the Athabasca Basin.

Current corporate information and press releases from Consolidated Uranium (- https://www.resource-capital.ch/en/companies/consolidated-uranium-inc/ -) and Latitude Uranium (- https://www.resource-capital.ch/en/companies/latitude-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 16. October 2023. 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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