Nuclear Renaissance: Looming Net-Zero Targets Driving Uranium Miners’ Share Price Surge

Share prices in uranium miners are on the rise, much to the horror of the wind and solar ‘industries’.

Despite efforts of the wind and solar cult to unwind nuclear power in Germany, and elsewhere, the recent share market surge suggests there’s a resurgence of interest in uranium miners – share prices in one Australian jumped 10% in a single day.

The market seems to be taking the threat of looming net-zero emissions targets seriously. Knowing that the only serious measure of meeting any such target is nuclear power, the smart money is backing any company with uranium mining interests or even the mere prospect of developing such an interest.

Uranium stocks are stirring as climate policies reset
The Australian
Richard Hemming
4 June 2021

It’s unusual to see a stock climb 10 per cent in one day in the absence of a material announcement.

On Thursday, shares in the Australian uranium developer Paladin Energy climbed 19 per cent and a couple of weeks ago they rose 10 per cent on a day. The stock is up threefold in the past six months, and has a market capitalisation tracking towards $2 billion. Yet it doesn’t produce anything!

What’s going on with uranium – and more importantly – have you missed the boat? If big money is anything to go by, specialist funds are jumping in.

Canadian-based commodity fund manager Sprott has created a fund that owns physical uranium on the outlook for uranium demand due to it being a clean energy source that isn’t intermittent (like wind and solar).

Investors are salivating at the role nuclear will play in the shift away from fossil fuels to attain mid-century zero emission targets.

For now, the spot price for uranium remains reasonably flat. Uranium stocks are taking off on the back of the possibility of an inflection point in 2024-25, where demand is likely to exceed supply. Why?

  • Older reactors in the US that were previously scheduled for closure are likely to have life extensions.
  • China is significantly increasing its nuclear capacity, projected to rise from 50GWe (gigawatts electric power) to 70GWe by the end of 2025.
  • New nuclear technology is enabling countries and industries that have never before made use of it, due to much smaller plants.

In common with Paladin, Boss Energy is getting prepared so that when this inflection point occurs it can fast-track the restart of production.

Elsewhere, Bannerman Resources is starting from scratch, but has heavy hitters at management and board level that have been involved in other projects like Rio Tinto’s Rössing uranium mine in Namibia.

Then there is Canadian giant Cameco, which is actually operating.

It’s the world’s best known uranium company and has mothballed some of its production. The miner is known to be highly disciplined. In its latest presentation, Cameco talks about not reopening more production until prices rise further.
The Australian

About stopthesethings

We are a group of citizens concerned about the rapid spread of industrial wind power generation installations across Australia.

Comments

  1. Jacqueline Rovensky says:

    The merry-go-round of wind then batteries then solar and now hydrogen which requires energy to produce as well as LOTS of water is becoming something of a vortex spiraling out of control.
    We were promised all we needed were wind turbines, then batteries to store ‘excess’ energy, then LS Solar to support the turbines and provide energy when the wind isn’t blowing with the turbines of course blowing at night when the sun has gone to sleep. Then of course it is necessary to install more and more Large batteries to store even more ‘excess’ energy just in case both wind and solar are absent.
    Whats next????
    If only those in charge of our destiny could pull themselves free of this vortex and see the future they are creating a future of hardship and loss – loss of this beautiful country’s environment and prosperity, while creating more and more ways in which energy in the form of electricity is required.
    Yes a cleaner environment is something to work towards but there are better ways to achieve this than to cover the land and oceans with massive machinery created with materials that are in short supply, polluting and short lived. Machinery that requires replacement after a few short years of intermittent use.
    What are those who are meant to be in charge doing can they not see the future they are helping to create is one which is damaging more of our environment than it could ever save????
    Those crying for more of the same are unable to see beyond their decrepit minds, they are influencing our children and those who are searching for a ‘meaning’ to life, they need to be stopped because they are destroying our children’s futures for nothing more than to do the work of those who profit from the nightmare of this energy production farce.

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