Anson's share price has been unaffected by its positive performance at its Paradox Lithium Project in Utah this morning. Shares are trading at 90 cents, down by 3.23% at the time of writing.
Chinese demand for uranium is set to explode. Current demand stands 64,000 tonnes globally, and China’s demand is set to rise to 88,000–100,000 tonnes by 2025.
Australia and the rest of the world opts to reduce its emissions without nuclear. This would be folly, but were it to happen, there is a great way to think about this from an investing perspective.
It has been estimated that nuclear power has actually saved 1.84 million lives due to reduced air pollution. People around the world may be waking up to the reality that nuclear is a viable option, however.
Anson Resources Ltd [ASX:ASN] has had a big gain over the past trading session, shooting up 31.6% in a single day. This is a result of a successful technology experiment that demonstrates their ability to produce battery grade lithium.
At Monday’s close, uranium prices were trading slightly lower at $27.45, a decline of 0.18%. After news that the US Supreme Court had effectively banned mining of near the Grand Canyon.
Australia has the world’s largest deposits of uranium, with 34% of the global total. It’s the world's third-ranking producer, behind Kazakhstan and Canada. But this could be set to change.
Uranium price has always been known as fickle at best, and volatile at worst. This year has proved to be the same. But to be frank, this is exactly the type of opportunity Australia could bank on to help its energy crisis.Uranium closed at $27.35, down slightly since last Friday 21 September 2018...
Santos shares rose 2.6% yesterday, following a sharp spike in oil prices. The comanpy has had a promising year in general. Earlier this year, they issued a new and attractive dividend policy designed to pay out in these intermittent oil price booms.
Victoria’s future energy supply is in a precarious position. Bass Strait gas reserves, which have long powered the state, are in decline. Additional gas needs must now travel down the pipeline infrastructure from up north. For a state with Australia’s fastest population growth, it’s not a great situation to be in.