A global survey has found increasing support for nuclear energy within a decarbonisation mix.
-Spot uranium market remains volatile
-Survey finds increasing support for nuclear energy
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Volatility continued in the spot uranium market last week, with prices bouncing around within a range and impacted by choice of delivery location, industry consultant
No transactions were reported in term markets.
Popular Support
Increasing optimism around the growth and acceptance of nuclear power were reiterated last week with the release of an NGO report The World Wants New Nuclear.
The report, notes
The report is based on a large-scale online quantitative survey across three continents, among 13,500 members of the general public. Nationally representative samples were surveyed for each of eight nations --
Support for nuclear power in the US has reached its highest level in over a decade, according to a recent Gallup poll. The survey found that 55% of adult Americans say they "strongly" or "somewhat" favour the use of nuclear energy.
While Gallup noted recent support for nuclear is less partisan due to increasing support among
Survey data going back to 1994 show that opposition to nuclear power peaked in 2016 with 54% "strongly" or "somewhat" opposed to its use, while support for nuclear power reached a period high of 62% in 2010.
Energia Nucleare
With that in mind,
The motions received unanimous support from the governing majority.
"We will now discuss [nuclear power] with our European partners and consider, with the utmost attention, how to include it in the national energy mix in the coming decades, with the aim of achieving the decarbonisation goals set by the
After some delays, Shaw and Partners notes the Lance Uranium Project in the US is now back on track, with first production set for mid-2023 and first sales in the June quarter.
Capital cost estimates remain in line with the definitive feasibility study. No material changes are made to Shaw's forecasts and the
The analyst points out Peninsula Energy ((PEN)) is the only ASX-listed company with direct exposure to
Uranium companies listed on the ASX:
ASX CODE | DATE | LAST PRICE | WEEKLY % MOVE | 52WK HIGH | 52WK LOW | P/E | CONSENSUS TARGET | UPSIDE/DOWNSIDE |
---|---|---|---|---|---|---|---|---|
AGE | 0.0390 | 11.43% | ||||||
BKY | 0.3750 | 1.35% | ||||||
BMN | 1.4650 | 5.40% | ||||||
BOE | 2.7600 | 2.60% | 19.9% | |||||
DYL | 0.6150 | 7.89% | 69.1% | |||||
EL8 | 0.3700 | 5.71% | ||||||
ERA | 0.0330 | -15.38% | ||||||
LOT | 0.2050 | 7.89% | 70.7% | |||||
NXG | 5.9300 | 2.60% | ||||||
PDN | 0.6650 | 1.53% | -19.6 | 64.9% | ||||
PEN | 0.1550 | 0.00% | 119.4% | |||||
SLX | 3.6700 | 7.31% | 36.2% |
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