Uranium price tends upwards

On the one hand, uranium production will increase in the new year, as the Langer-Heinrich mine in Namibia will come on stream (estimated plus 18 percent uranium production) - on the other hand, experts such as Morgan Stanley nevertheless expect uranium prices to continue to rise due to the prevailing factors. The direction of the uranium price had also recognized Sprott Assett Management already in 2019 and created a trust for physical uranium. This shows a very positive development. The uranium company market is not particularly large. Among the largest uranium mines in the world that are producing is the Olympic Dam mine in Australia. It was basically intended more for copper production, but now produces millions of pounds of uranium annually. In uranium enrichment, South Africa is one of the big players. Around 40 percent of the world's enrichment capacity comes from the country, while it ranks sixth in uranium production.

Stock market professionals have their eyes on uranium. Bill Gates, for example, is building a modern nuclear power plant that will supply inexpensive energy in a few years and thus also help protect the climate. Warren Buffett is also involved. Investors should take note of the fact that the price of uranium has risen sharply in recent months. Perhaps, similar to the uranium price rally in 2006, there will be prices above 100 euros per pound of uranium again in the near future. The uranium price has already surpassed the 50 U.S. dollar mark. A significant uranium deficit plus the Russia-Ukraine war should ensure further price increases. To be an investor, investments in uranium companies such as IsoEnergy or Labrador Uranium can be considered.

At IsoEnergy, the projects are located in the famous Athabasca Basin in Saskatchewan. The highlight is the hurricane zone there at IsoEnergy's Laroque East project. 

Labrador is home to Labrador Uranium - https://www.youtube.com/watch?v=62xqoRLeOzs - with uranium projects. The projects cover almost 140,000 hectares of land.

Current corporate information and press releases from Labrador Uranium (- https://www.resource-capital.ch/en/companies/labrador-uranium-inc/ -) and IsoEnergy (- https://www.resource-capital.ch/en/companies/iso-energy-ltd/ -).

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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