Uranium more expensive than at any time since early 2008

France is particularly active when it comes to nuclear energy. The French government has now reached an agreement with the state-owned energy supplier EDF on nuclear power prices. This should help to support expansion plans for nuclear power. At the same time, price volatility for consumers is to be reduced. EDF plans to build at least one large nuclear power plant every year in the 2030s. At the same time, there is a future program in France to promote the development of mini reactors. With the exception of Germany, more and more countries are turning to clean energy generation using nuclear power. And since there are bottlenecks from uranium mining to enrichment, it is not surprising that the price of uranium is trending upwards so strongly. Russia is the leader in enrichment. The uranium traded on the commodity markets is available as yellowcake and still needs to be processed. And this transformation to uranium is only carried out by a few companies in the USA, France, Russia and Canada.

Bottlenecks could also arise as a result of political developments in Niger in West Africa. The country is rich in uranium and supplies around 25 percent of the uranium in the European Union. New uranium deposits are needed, but it takes a long time from the discovery of uranium to production, around eight to 15 years. And according to IAEA calculations, almost 60 nuclear reactors are currently under construction worldwide. Just over 400 are currently in operation. The USA, France, China, India and Russia, to name but a few, are all building new nuclear power plants. The demand for uranium will therefore continue to grow, which will benefit uranium companies such as Consolidated Uranium and American Future Fuel.

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

American Future Fuel – https://www.commodity-tv.com/ondemand/companies/profil/american-future-fuel-corp/ – owns the promising Ceboletta uranium project in Mexico and is pleased with the good drilling results.

Current company information and press releases from American Future Fuel (- https://www.resource-capital.ch/en/companies/american-future-fuel-corp/ -) and Consolidated Uranium (- https://www.resource-capital.ch/en/companies/consolidated-uranium-inc/ -).

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