Absolutely.. With Lithium and critical minerals alone can not take the world to COP26 target.
There has to be clean energy, renewables such as solar, Hydrogen or Uranium which is basically cheap to run and already in the market.
And outside Kazakh, there are not many large players like the US and AUS.
One of two short term possibilities here is,
AUS will go back full on Uranium (if LNP wins)
Labor will be pushed much harder to support/reopen Uranium mines (it LNP loses)
Uranium asset of 1900 km2 wouldn't be anything less than $200m.
Unlike Lithium, there is no complex processing involved so within a couple years of resource confirmation, they can be simply mined for global supply. (of course if the regulation is passed)
Could be $120-$150 per kilo in coming years.
Have a look at the trend. It is a very rare commodity which has never been pulled back for longer.
Simon would also update Uranium in Wed presentation.
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