Uranium prices are up about 40% since Russia invaded Ukraine. While the war has no immediate impact on global supplies of uranium, there are “signs a few countries in Europe may shift their stance on nuclear power and maintain existing reactors longer, or possibly build new ones sooner as they look to diversify away from Russian [natural] gas,” said Jonathan Hinze, president at UxC, as quoted by Barron’s. Moreover, the world’s dependence on Russian uranium, and the uranium of those countries in Russia’s orbit of influence such as Kazakhstan and Uzbekistan – representing about 50% of production – is potentially at risk through the prospect of retaliatory sanctions. Finally, President Biden’s Administration supports nuclear energy to help the country achieve net-zero carbon goals. Even Japan just said it wants to get nuclear reactors back online to meet green targets. All could continue to be beneficial for companies such as […]
Click here to view original web page at www.baystreet.ca
- Do contribute something to the discussion
- Do post factual information, analysis and your view on company valuations
- Do disclose if you have an interest in a security
- Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
- Do not complain about a post unless you have reported it first, and not on the forum.
- Do not post financial advice
- Do not advertise or post sponsored content
Come and join our community. Expand your network and get to know new people!