how to profit as uranium price hit $140, page-2

Just a perspective from the USA side of the equation for all PEN holders

Taken for the jzm post:

Source:
etfdailynews

"But There?s A Problem

The world is parched for uranium.

Current global uranium demand is about 180 million pounds a year, while mine output is only about 140 million pounds.

Many reactors are running at 50% capacity. Some have even been taken off-line.

In the United States, the bulk of the uranium used in reactors doesn?t even come from uranium mining. It comes from the approximately 20,000 decommissioned Russian nuclear warheads. The uranium from these nuclear weapons is enriched and sold to the U.S. as part of a 1987 disarmament agreement.

The "Megatons to Megawatts" program has helped make the United States the world?s largest producer of nuclear power.

But the program is running out of nuclear warheads to convert, spelling the end of guaranteed access to uranium supplies for U.S. nuclear reactors. When the warheads dry up, the U.S. will have to import more uranium to satisfy its needs, and by then, domestic and global demand will be significantly higher."


Comment:
Just look at that supply balance.