Uranium Market Outlook - Q1 2018: Geographical Strategic Blocks Determining the Future of the Uranium Market, Which Hurts Western Uranium Industry - ResearchAndMarkets.com
Eleven per cent of the world’s energy supply comes from 440 nuclear power plants, with 60 more reactors under construction and another 160 are planned around the world. With the world using more energy per person every decade, and an exponentially growing number of people, the demand for nuclear power will only increase in the decades ahead.
Uranium-produced radiation, moreover, is used to treat cancer, irradiate food against disease, study cells, detect flaws in metals and other structures, and create smoke detectors. Of course, it supplies the fuel for nuclear submarines and weapons, and the material for depleted uranium shells. In short, most of our lives will be shaped, and often saved, by uranium.
With all of these uses, uranium has a complex and rapidly-growing global market, and since 2005 the Uranium Letter International has been one of the world’s finest sources of information for investing in the international uranium equity markets.
Cameco having suspended production at its flagship McArthur River and Key Lake operations for 10 months, beginning February 2018, and Kazatomprom to cut uranium production by 20% over a period of 3 years, these measures failed to stimulate the U3O8 price, with the gap between spot price and long-term U3O8 price still at an unchanged level of about $ 6.
Since the Paris Agreement has entered into force on 4 November 2016, I have explained in my monthly published Uranium Market Outlook that the commitment of 173 countries to the Agreement is of symbolic importance.
The withdrawal of the U.S. was considered by the global clean energy community as a profound immorality in the fight against climate change, but not having accounted for America’s share of clean energy, which combines renewable’s (wind- and solar energy) and nuclear energy, as the only large-scale CO2 emission free energy, is by far the highest in the world.
Key Topics CoveredWorld nuclear power reactors & uranium requirementsParis Climate Agreement confirms essential contribution of nuclear energy to limit global warmingNuclear power in ChinaEuropean Union, profiling itself as a leader in promoting action on climate change but fails to act accordinglyUnited States dominates global energy marketsFossil fuels remain to have most influence on Trump’s energy policyCall for US government to revitalize its nuclear industry
Companies FeaturedBerkeley EnergiaCamecoEnergy FuelsFission UraniumKazatompromNexGen EnergyUr-Energy
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INDUSTRY KEYWORD: NATURAL RESOURCES MINING/MINERALS
SOURCE: Research and Markets
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PUB: 11/14/2018 05:20 AM/DISC: 11/14/2018 05:20 AM