Uranium Markets Go Bullish Into 2012-2013 Post Fukushima

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.

Click Image To Access Uranium Stocks Australia

VISIT MY OTHER SITE

@

australian-uranium-quick-search

Uranium On The Move

Published on Wednesday December 01 2010

Spot uranium is now sitting at $US61 a pound, a dramatic improvement since June when it only just found support level at a whisker over $US40/lb.

URANIUM prices continue to surge on the back of a looming new wave of investment by China in nuclear power.

So the news today that some Labor federal politicians now want the party to have a serious debate on the subject of nuclear power in Australia - which, unlike wind or solar power, provides base load, reliable electricity at an economic cost - comes just as it is starting to dawn on investors that uranium demand is about to take a big leap.

The latest report from the commodities team at Canada’s Scotiabank notes that China’s 12th five-year plan will call for the doubling of nuclear energy’s role in the country. The report says it is clear that a renaissance in nuclear energy is genuinely under way. China’s National Development and Reform Commission’s Energy Research Institute estimates that the number of nuclear reactors will grow from today’s 13 to the equivalent of more than 80 by 2020. The details of the new five-year (2011-2015) will be released in the first months of next year.

Also boosting spot uranium prices was news of large, long-term supply agreements: one, France’s Areva will supply 52 million pounds at $US67/lb to China Guangdong Nuclear Power Corp; two, Canada’s Cameco will sell that Chinese company 25m pounds (along with 23m pounds to China National Nuclear Association; and, three, the state-owned nuclear power company in Kazakhstan will also supply China Guangdong with 63m pounds by 2020. As Scotiabank notes, these contracts will tie up considerable quantities of uranium.

World production totals 140m pounds a year.

VISIT MY OTHER SITE

@

australian-uranium-quick-search