The only way is up for the spot price.
The MF Global spot price is now US$65.30/lb up +2.8% yesterday
http://www.bloomberg.com/apps/quote?ticker=MFURMDUR:IND
WNA figures just out show that planned reactors (finance approved) increased by 14 during the month to 157. The was due entirely to China increasing from 37 to 51.
China alone total planned + proposed reactors increased from 157 to 161.
World total building + planned + proposed reactors increased to 521 compared to 442 currently operating = +122% possible demand (excluding megaton to megawatt ceasing in 2013). Looks like solid demand + an increasing U price is guaranteed!
New Totals:
Operating = 442 (1/1/2007 = 435)
Building = 62 (1/1/2007 = 28)
Planned = 157 (1/1/2007 = 64)
Proposed = 322 (1/1/2007 = 158)
TOTAL = 983 (1/1/2007 = 685)
[+43% in 4 years - what will the figures look like 4 years from now?]
Source: http://www.world-nuclear.org/info/reactors.html
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The only way is up for the spot price.The MF Global spot price...
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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