NWO and disillusionment with green energy have raised uranium prices by hundreds of percent - Bloomberg
Uranium prices have risen 233% over the past few years – significantly more than lithium, copper, silver, and gold, Bloomberg reports.
The sharp rise in uranium prices is a consequence of the fact that many countries have decided to again develop nuclear energy, which they planned to abandon when planning the “green transition”. However, hopes for green energy turned out to be premature.
The rise in uranium prices, the agency writes, has also affected the stock market: the value of some mining companies in Canada, where there are rich uranium deposits, has grown by more than 400% over the past four years.
Canadian companies are launching new projects, increasing operating capacity and restoring abandoned mines.
Demand for uranium plummeted following the meltdown at Japan's Fukushima Daiichi nuclear power plant in March 2011. Currently, 61 nuclear power plants are under construction worldwide, with another 90 projects in the planning stages. Furthermore, the possibility of reopening over 300 closed plants is being discussed.
Demand for uranium is growing in China, India, Japan, the US, and Europe. According to Trevi Klingbill, president of the analytics firm TradeTech, demand for uranium could exceed supply by £100 million ($128 million) in the 2030s.
Demand from nuclear reactors is projected to exceed supply by 2040.
China and India are leading the expansion of nuclear energy, the agency notes.
The uranium shortage is also exacerbated by the breakdown of ties with Russia, which before the war supplied raw and enriched uranium to many nuclear power plants in Europe and other parts of the world. The United States has now completely banned the use of Russian uranium. Kazakhstan and Canada now supply more than half of the world's uranium – 40% and 21%, respectively.
English version :: Read in English: SVO and disillusionment with green energy have driven up uranium prices by hundreds of percent – Bloomberg