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The U.S., Europe, China and Japan are recognizing nuclear’s vital role as a carbon-free energy source.
Source: World Nuclear News. “US FY2022 budget request includes record for nuclear energy” June 2, 2021. NucNet. “European Taxonomy/Commission Announces Plans to Include Nuclear Energy” April 21, 2021. IAEA “China highlights nuclear innovation to meet climate goals at IAEA conference” October 9, 2019. World Economic Forum “This is what nuclear power looks like 8 years after Fukushima” December 11, 2019.
UK to put nuclear power at heart of net zero emissions strategy.
Japan’s new PM defends pro-nuclear stance in parliamentary debut.
Massive energy bill becomes law, investing billions between renewable, nuclear sectors.
Nuclear gains ground in Europe’s plan to phase out gas.
Nuclear plants insulate France from the energy crisis. Now Macron is doubling down on them in a $35 billion moonshot plan.
1 Measures the total amount of energy produced during a period of time divided by the amount of energy the plant would have produced at full capacity. Source: U.S. Energy Information Administration. Data as of 12/31/2020.
Source: American Nuclear Association. 2 Cameco Corporation.
Source: Ourworldindata.org; measured in emissions of CO2-equivalent per gigawatt-hour of electricity over the lifecycle of the power plant. Data as of 12/31/2020.
Source: European Union, The World Bank, EIA, Radioactivity.eu. Data as of 12/31/2020.
Source: TradeTech LLC. Data as of 10/31/2021.
Nuclear is ideal for dealing with climate change, because it is the only carbon-free, scalable energy source that’s available 24 hours a day.
URANIUM BUYING IS ACCELERATING
Note: Represents known purchases from Hedge Funds, Investment Funds and Junior Speculators. Data may not be wholly inclusive of all purchases due to lack of transparency. 2021 reflects annualized estimated figure based on data from UxC LLC.
Source: UxC LLC. Uranium Sport Price data as of 10/31/2021; Non-Utility Buyers data as of 9/30/2021.
INVESTOR SENTIMENT IS STRONG ON URANIUM EQUITIES
Gains in uranium equities have recently been strong suggestive of investor expectations for higher uranium prices
Source: Bloomberg. Data as of 10/31/2021. World Uranium Total Return Index (URAX Index) tracks the performance of stocks globally, which conduct business with uranium. The index members are the largest and most liquid stocks from the list of eligible companies.
Source: UxC LLC. Data as of Q2 2021. Methodology for estimates is outlined in the International Atomic Energy Agency report “Analysis of Uranium Supply to 2050,” available at https://www-pub.iaea.org/MTCD/Publications/PDF/Pub1104_scr.pdf.
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