Hans Peter Zihlmann reports the future of uranium is looking very bright with 66 reactors under construction globally, particularly in China, India and the U.A.E. Saudi Arabia has signed agreements to build 16 reactors by 2032. So the demand for uranium will keep rising. As more time passes the negative sentiment about nuclear energy generated by the Fukushima disaster is slowly changing.
The alternatives to nuclear power, coal and oil, are both heavy carbon emitters and polluters and so there is growing environmental pressure to switch to nuclear power. Fears over Japan dumping a lot of uranium on the market due to the shut down of their nuclear power plants have receded as they put reactors back into operation. Before Fukishima the company Cameco Uranium had its stock rise by significantly between 2000 to 2008 then it adjusted down by 70% then rose again by 160% until Fukishima happened. Other uranium mining stock are capable of multi-bagger rises as well. Zihlmann indicated that the world is building new reactors, twenty-four in China, eight in Russia, six in India and South Korea, etc.
He has also learned that China has made an agreement, for example, with Saudi Arabia, and Saudi Arabia plans to have 16 reactors operational by 2032. China is a driving force. China today has more or less twenty-five reactors operational. But they expect to have ten times that number in about 15 years so that demand is growing everywhere in the world. The other side is that obviously he opined that there is a need for clean energy and nuclear is clean. We know very well that a lot of people actually die from bad air and pollution, etc. Nuclear power is the future and that is why we like it so much because the demand for uranium keeps growing. Countries like Switzerland that had more or less decided to get out of nuclear energy, are actually re-thinking what they decided some years ago and what they do actually do is to build five reactors.
Original URL: https://seekingalpha.com/article/3963252-hans-peter-zihlmann-global-uranium-demand-set-soar
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