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A new reactor has just been commissioned in India. Officially, construction of the units in Kakrapar in Gujarat began in 2010, and now the controlled fission chain reaction began on December 17. India has been using nuclear power plants to generate energy since 1969. India has an economic growth rate of more than five percent annually. In order to maintain this, the available energy must grow in line with economic growth. The largest energy consumer in 2022 was China, followed by the USA and India. This only includes primary energy, i.e. commercially traded fuels. Incidentally, Germany is in twelfth place. Global primary energy demand is rising continuously.

Compared to 1980, the amount consumed has doubled. Renewable energies are a good thing, but they are not yet enough to cover the world’s hunger for energy. Since August, the price of uranium has only had one way to go – up. Uranium plays an important role in sustainable and reliable energy production. The move away from fossil fuels requires an increased demand for uranium. As a result, the uranium price is at a 15-year high. This also underpins the assessments of analysts who see a market rally. And the demand for effective energy sources will continue to rise.

This is demonstrated by the agreement reached at COP28 (UN Climate Change Conference 2023) by delegates from around 200 countries to reduce fossil fuels. The aim is to achieve net zero emissions by 2050. Investors can participate in this development by investing in uranium companies such as Latitude Uranium, Uranium Energy and Uranium Royalty.

Uranium Energy – https://www.commodity-tv.com/ondemand/companies/profil/uranium-energy-corp/ – is looking forward to record sales in 2023, is debt-free and has uranium projects in Canada and the USA. And it is the largest North American uranium company.

Latitude Uranium – https://www.commodity-tv.com/ondemand/companies/profil/latitude-uranium-inc/ -, together with ATHA Energy and 92 Energy, will form a leading uranium exploration company.

Uranium Royalty – https://www.commodity-tv.com/ondemand/companies/profil/uranium-energy-corp/ – is the only royalty company in the uranium sector.

Current company information and press releases from Uranium Energy (- https://www.resource-capital.ch/en/companies/uranium-energy-corp/ -) and Latitude Uranium (- https://www.resource-capital.ch/en/companies/latitude-uranium-inc/ -) and Uranium Royalty (- https://www.resource-capital.ch/en/companies/uranium-royalty-corp/ -).

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