Herisau, 20.11.2023 (PresseBox) – The uranium market is a very small market. Supply and demand are often not in equilibrium and prices can fluctuate wildly. However, this also offers the opportunity for lucrative speculation. Normally, high prices that encourage new production slow down consumption. This is somewhat different with uranium because the fuel costs are relatively low compared to the total costs of electricity generation. Prices can therefore collapse with a long delay, and with them the share prices of uranium companies. If uranium prices are high, financing is more likely to succeed. Like other commodities, uranium also has its own special characteristics. When prices are low, purchases should be made, but investors are often reluctant to do so.
Nuclear energy is the cheapest, safest and cleanest form of mass power generation, apart from the cost of building nuclear power plants. Millions of tons of pollutants can be saved. Since uranium accounts for less than five percent of the total cost of operating a nuclear power plant, this type of electricity generation is inexpensive. When it comes to safety, Chernobyl or Fukushima immediately spring to mind. However, the environmental pollution caused by the use of fossil fuels costs many people their lives.
Just think of the sometimes extreme air pollution in various cities with millions of inhabitants. Generating energy from wind or solar power is of course great, but it is nowhere near enough to cover the world’s electricity needs today and will probably not be enough for the next few decades. Today, a pound of uranium costs around 75 US dollars, which is the highest it has been for years. Stocks such as Consolidated Uranium or Latitude Uranium are suitable for an entry into the uranium market.
Consolidated Uranium – https://www.commodity-tv.com/ondemand/companies/profil/consolidated-uranium-inc/ – is involved in uranium projects in Australia, Canada, Argentina and the USA as well as mines in Utah and Colorado and is preparing the merger with IsoEnergy.
Latitude Uranium – https://www.commodity-tv.com/ondemand/companies/profil/latitude-uranium-inc/ – has two uranium projects in Canada, the Angilak project and the CBM project.
Current company 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.
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