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There is currently no uranium production happening in North America, which presents a nationwide protection hazard to the country, as nuclear reactor will certainly need to depend on foreign sourcing of uranium, stated Amir Adnani, CEO of UEC and also chairman of GoldMining.
Uranium is presently trading at $27.75 a pound, however miners like UEC require the cost to increase to $40-$ 50 an extra pound prior to manufacturing ends up being economical.
0:00 – Uranium supply
4:46 – The uranium market
8:23 – UNITED STATE uranium book
13:11 – Nuclear power as % of overall electricity
17:51 – UEC stock
24:44 – Greater uranium price required for production
28:13 – America's nationwide security danger
31:10 – International uranium production
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America faces national security threat from nuclear power ‘crisis’ – Amir Adnani
There is currently no uranium production happening in North America, which poses a national security threat to the nation, as nuclear power plants will need to rely on foreign sourcing of uranium, said Amir Adnani, CEO of UEC and chairman of GoldMining.
Uranium is currently trading at $27.75 a pound, but miners like UEC need the price to rise to $40-$50 a pound before production becomes economical.
0:00 - Uranium supply
4:46 - The uranium market
8:23 - U.S. uranium reserve
13:11 - Nuclear power as % of total electricity
17:51 - UEC stock
24:44 - Higher uranium price needed for production
28:13 - America's national security threat
31:10 - Foreign uranium production
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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