The Upside For Uranium

As more of the world adopts nuclear energy on the path to renewables, demand for uranium can only grow. Australia boasts several listed miners.

-Reactor building growing apace globally
-Upside for uranium pricing
-Australian-listed miners
-China’s nuclear conundrum
Bell Potter notes that as of March this year, 57 nuclear reactors were under construction around the globe. Shaw and Partners says 59, but doesn’t put a time on it, further noting this would add to the existing 436 reactor fleet, with a another 100 in the planning stage and 323 being proposed, quoting the World Nuclear Association.Of Bell Potter’s 57 under construction, 22 are in China. The broker offers more stats:During 2022, six reactors were connected to the grid (total capacity 9,054MW) and five reactors were shut down (-3,271MW). Thus far in 2023, four reactors have been connected to the grid, in Slovakia, China, the US and Belarus (3,772MW), and […]

About the author: StockMan

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