Uranium supply deficit looming

In January, everyone was listening to Kazatomprom. A shortage of sulphuric acid is disrupting uranium production. As a result, the market is expecting a deficit of seven to eight million pounds of uranium this year, a fairly significant amount. Then came Cameco with some bad news. After all, the uranium price has risen by around 60 US dollars in six months. At the moment, the uranium price has fallen back somewhat (from 107 US dollars per pound). But it remains to be seen how severe the shortages will be this year. In any case, many are expecting further challenges for producers and a supply shortage that will get worse. There could still be upside potential for the uranium price. At the current uranium price of between 90 and 100 US dollars per pound of uranium, more and more attention is also being paid to new blood in the uranium business.

The fact that uranium has once again become a topic that is in the spotlight was evident at the Global Metals, Mining & Critical Minerals Conference of the Bank of Montreal (BMO) in Florida. Three years ago, there were no panel discussions about uranium. This time there was a lot going on and a great deal of interest. After all, uranium is one of the best performing commodities in recent times. Some industry experts are drawing comparisons with the year 1970, when nuclear energy began. This is because the uranium market may well be back to square one – due to the many new reactors, projects with lifetime extensions, decommissioning and the new SMRs. If US sanctions against Russian supplies are added to this, then the uranium price should continue to rise. Since uranium companies are among the winners, investors should keep an eye on Cosa Resources or Uranium Royalty, for example.

In the Athabasca Basin, famous for its uranium, Cosa Resources – https://www.commodity-tv.com/ondemand/companies/profil/cosa-resources-corp/ – owns uranium projects covering a good 200,000 hectares of land.

If you like diversification and uranium, you can take a look at Uranium Royalty – https://www.commodity-tv.com/ondemand/companies/profil/uranium-royalty-corp/ . It is the only royalty company in the uranium sector.

Current company information and press releases from Uranium Royalty (- https://www.resource-capital.ch/en/companies/uranium-royalty-corp/ -) and Cosa Resources (- https://www.resource-capital.ch/en/companies/cosa-resources-corp/ -).

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