Uranium price on hold

The price of uranium is currently trading at around USD 70 per pound. The price is therefore still some way off the 52-week high of USD 93.60 per pound of uranium in May 2024. Although things look good due to the almost global acceptance of nuclear energy, the price is hardly moving at the moment. This is probably due to the wait-and-see attitude of energy suppliers. In the USA, the "Green New Deal" has expired. And as Russia is a major player in fuel production with a share of around 40 percent, developments in the Ukraine-Russia war are being closely monitored. In any case, the trends in the uranium sector are pointing in one direction in view of the nuclear power plants planned and under construction: uranium is increasingly needed and in demand and could become scarce. Demand from the technology sector is likely to be one of the main reasons for this development. Data centers and artificial intelligence require large amounts of energy, which should be reliably available and as low-emission as possible.

Countries planning their first nuclear power plant are supported by the IAEA, the International Atomic Energy Agency. These include Ecuador and African countries, for example. In general, interest in nuclear energy is growing rapidly in Latin America. Nuclear science can do even more. It improves food security and the export potential of food, for example in the fight against insect pests. Nuclear science is also being used in the fight against marine plastic pollution. Uranium stocks, many of which are still undervalued, could therefore be worthwhile for investors today, such as Uranium Energy or Premier American Uranium.

Uranium Energy – https://www.commodity-tv.com/ondemand/companies/profil/uranium-energy-corp/ – is the largest licensed uranium producer in the USA and is debt-free. The ISR uranium projects are located in the USA, with additional projects in Canada.

Premier American Uranium – https://www.commodity-tv.com/ondemand/companies/profil/premier-american-uranium-inc/ – owns uranium properties in excellent uranium regions such as Colorado, Wyoming and New Mexico.

Current company information and press releases from Uranium Energy (– https://www.resource-capital.ch/en/companies/uranium-energy-corp/ -) and Premier American Uranium (– https://www.resource-capital.ch/en/companies/premier-american-uranium-corp/ -).

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