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The ongoing global energy crisis has created a nuclear revival, fueling Asia to give the once-disregarded nuclear power industry a second chance.1
Japan and South Korea are repealing anti-nuclear legislation, while China and India are planning to build more reactors to avoid future supply problems and reduce emissions. Even developing nations in Southeast Asia are interested in atomic technology.
The embrace of nuclear energy comes as natural gas and coal prices, the two fossil fuels used to create the majority of Asia's power, reached all-time highs this year as a result of Russia's invasion of Ukraine. As the globe moves away from Russia, a key fuel supplier, supply will stay constrained and prices will remain high for the foreseeable future.
This makes clean and dependable nuclear power particularly appealing to governments and utilities looking to control inflation, fulfill green goals, and reduce reliance on foreign energy providers.
China has announced that it will accelerate nuclear projects.
The country is in the midst of the greatest reactor build-out in nuclear industry history to meet its insatiable energy demand while also reducing reliance on coal-fired power facilities. According to WNA data, China now has roughly 24 gigatonnes of nuclear generating capacity under development, with another 34 gigatonnes planned.2
The government intends to increase capacity by nearly a third over the next three years, and more than 20 reactors are currently under construction. Between 2023 and 2025, India plans to begin construction on ten additional reactors.
China has indicated that it aspires to become self-sufficient not only in nuclear power plant capacity, but also in nuclear fuel manufacture. However, the government still relies on foreign suppliers to some extent for all phases of the fuel cycle, from uranium mining to manufacturing and reprocessing, but mostly for uranium supplies.
As China quickly expands the number of new reactors, it has also launched a number of local projects, frequently in collaboration with foreign suppliers, to meet its nuclear fuel demands. The government policy aims to get roughly one-third of uranium supplies domestically, one-third through Chinese equity in overseas mines, and one-third on the open market.
If all of this comes to fruition, China could overtake the US as the world's leading producer of nuclear energy as early as 2030.3
The Uranium Bull Market Could Last 10 Years
In its recent market report, The Oregon Group predicts that the current uranium bull market, the third one since 1968, will continue for at least another decade.
The Oregon Group is widely recognized as a leading authority in the financial sector. This investment firm was founded by independent capital markets experts Anthony Milewski and Justin Cochrane.
Throughout his career in the mining industry, Milewski has worn many hats, from consultant to founder to investor.
Milewski and The Oregon Group predict a rise in the number of nuclear power plants that use uranium as fuel.
The report, titled "The Start of the Uranium Bull Market and the Coming of the Second Atomic Age", examines some of the most important variables that have contributed to this rise, including energy security, decarbonization, and the development of compact modular reactor technology.
Here are some of the key catalysts the report covers:
After a 10-year slump, the uranium market is on the upswing again. As the price of uranium rises, mining operations will pick back up. However, future supply will only be able to meet demand in the very near future due to declining reserves and grades at existing producers and the need for more advanced development projects. Producers argue that higher prices should be used to incentivize more output.
After 10 years of underinvestment, mergers, and warnings from industry leaders that fresh output requires high prices, the supply side is finally recovering. Stocks of uranium have appreciated in value in recent years.
The European Union has allocated substantial subsidies toward green nuclear energy projects. Nuclear reactors generate eco-friendly power when fueled by uranium, one of the most energy-dense fuels. Uranium and nuclear power have seen a shift in public opinion as a result of these same factors. There has been a rise in the number of calls for Japan to restart its nuclear reactors.
This report includes deep insight into the uranium market, the big trends that will affect it over the next decade, and uranium supply and demand dynamics. It also provides a comprehensive list of uranium exploration and development companies worth looking at, as well as a handful of uranium ETFs and physical uranium trusts to consider.
There are several reasons to believe that uranium could be in the early stages of a long-term bull market, meaning it's a good idea for investors to keep an eye on it.
The Oregon Group's "The Start of the Uranium Bull Market and the Coming of the Second Atomic Age" report can be read in its entirety by clicking here.
1 https://www.bloomberg.com/news/articles/2022-08-27/global-energy-crisis-spurs-a-revival-of-nuclear-power-in-asia#xj4y7vzkg
2 https://www.bloomberg.com/news/articles/2022-08-27/global-energy-crisis-spurs-a-revival-of-nuclear-power-in-asia
3 https://asia.nikkei.com/Business/Energy/China-poised-to-overtake-US-in-nuclear-power-by-2030
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6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding The Oregon Group.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to The Oregon Group.’s industry; (b) market opportunity; (c) The Oregon Group’s business plans and strategies; (d) services that The Oregon Group intends to offer; (e) The Oregon Groups milestone projections and targets; (f) The Oregon Group’s expectations regarding receipt of approval for regulatory applications; (g) The Oregon Group’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) The Oregon Group’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute The Oregon Group’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) The Oregon Group’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) The Oregon Group’s ability to enter into contractual arrangements with additional Pharmacies; (e) the accuracy of budgeted costs and expenditures; (f) The Oregon Group’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of The Oregon Group to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) The Oregon Group’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact The Oregon Group’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing The Oregon Group’s business operations (e) The Oregon Group may be unable to implement its growth strategy; and (f) increased competition.
Except as required by law, The Oregon Group undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does The Oregon Group nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither The Oregon Group nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.
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