uranium may have hyper price run, page-13

I was thinking about getting a few more thumbs down on this forum, so just want throw in a couple more extracts. Just want to ask, why is the price of u going down while all other metals and coal are going up? The obvious answer is that supply is still high or demand low, although there may be some less obvious reasons still to be revealed. The answer is not that the market is wrong.

from oecd:
Paris, 3 June 2008
Uranium resources sufficient to meet projected nuclear energy requirements long into the future

There is enough uranium known to exist to fuel the world's fleet of nuclear reactors at current consumption rates for at least a century, according to the latest edition of the world reference on uranium published today.
http://www.oecdnea.org/press/2008/2008-02.html

from hardassets:


from mbendi:
It is estimated that each GWe of additional capacity will require about 600 tonnes of uranium at start-up and 195 tonnes uranium per year thereafter. Over the 20 years from 1970 there was a 25% reduction in uranium demand per kWh output in Europe due to operational improvements. New reactor designs are being developed and tested capable of extracting more than 30 times the energy from the uranium than todays reactors.
http://www.mbendi.com/indy/ming/urnm/p0005.htm


galileo, I am sure that you can post article after article about how many new reactors there is going to be in the future, but tell me whether increased supply will come before or after the new reactors. The answer will tell us what is going to happen with the price of u.