Future of U3O8 Industry at Mercy of World Events

The opening day of a recent three-day mining industry event ahead of the 2022 PDAC (Prospectors & Developers Association of Canada) meeting featured keynote speeches and company presentations.

In one headliner talk, Anna Bryndza, executive vice president of UxC — which is a firm that publishes data, research, and analysis on the global nuclear fuel cycle markets — discussed a handful of events happening in the world that will affect nuclear power and uranium in the near and longer-term future.

The one certainty, Bryndza said, is that investments in green energy will continue to boost demand for nuclear energy. As an example, she cited the European Union possibly mandating €50 billion in industry funding by 2030.

Less clear are the impacts of events related to current conflicts in Eastern Europe and Asia, Bryndza said. Russia’s attacks on Ukraine could affect the quantity, diversification, and security of Russia’s uranium supply, which is significant […]

Click here to view original web page at www.streetwisereports.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.