Raw materials in short supply: uranium and battery metals

Fossil raw materials have become expensive and renewable energies are on the rise. E-mobility and all other portable devices need power storage. So, it would be no wonder if battery raw materials such as lithium, nickel or cobalt could become scarce. And since renewable energy sources, wind or solar, are not sufficient for a comprehensive energy supply, nuclear energy is making a comeback as a clean form of energy generation. According to Canaccord Genuity, there is an urgent need for new uranium supply with U308 from mines. Now that the price of uranium has risen significantly and long-term contracts have also been signed, supply is likely to grow. At the same time, demand is increasing, and the deficit is growing.

There are still problems in the supply chain and there is also often a lack of suitable labor. Some mines have problems in their mines, often of a political nature, and have to lower production forecasts, for example mines in Niger or Cameco in Canada, the second largest producer in the world. Thus, analysts reckon that rising supply is unlikely to match demand. Thus, even higher uranium prices should not be a surprise and should please companies with uranium in their projects.

So, the uranium sector should continue to offer good opportunities for investors, with a focus on high-value participants. The same is true for the battery metals sector. Here, too, demand is growing virtually worldwide. High-quality companies in these two important sectors include Green Shift Commodities and Uranium Energy.

Green Shift Commodities – https://www.commodity-tv.com/ondemand/companies/profil/green-shift-commodities-ltd/ – is working in South America on exploration and development of battery raw materials such as lithium or nickel.

Uranium Energy – https://www.commodity-tv.com/ondemand/companies/profil/uranium-energy-corp/ – owns uranium projects in the U.S. and Canada, is debt-free, achieved record revenues in fiscal 2023, and is one of the major uranium companies in North America.

Current corporate information and press releases from Uranium Energy (- https://www.resource-capital.ch/en/companies/uranium-energy-corp/ -).

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