Published on Friday January 13 2012 (AEST)
Rapidly growing economies such as China and India are most focused on Nuclear Energy, as their need for electricity grows, Adnani said.
Supply of uranium to the world market has been supplemented with secondary sources of uranium, such as decommissioned Cold War nuclear warheads from Russia and the US, since the collapse of the Soviet Union, but this source is set to expire in 2013.
“That will be a real pinch in supply. The diminishing secondary supplies really drive supply and demand,” Adnani said.
There are around 60 reactors under construction around the world at the moment, with up to 300 planned over the next decade. At the moment, there are around 430 in total.
There is still a huge need for more electricity. Close to 20 percent of the world’s population – around 1.3 billion people - had no access to electricity in 2009, according to the International Energy Agency.
There has also been plenty of consolidation in the industry recently, as bigger players such as Rio Tinto, which completed the acquisition of Canadian uranium junior Hathor Exploration in January, looked for a presence in the nuclear space.
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Is the market going towards nuclear energy or would it go to clean energy like wind and other green energy sources?
ReplyDeleteHere's an interesting site in regards to Cost comparisons, between energy sources.... http://nuclearfissionary.com/2010/04/02/comparing-energy-costs-of-nuclear-coal-gas-wind-and-solar/
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