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"Nuclear power is about to enter a new phase of rapid growth," says Tony Sagami. "Plain and simple, the demand for uranium is going to go through the roof."

"What's the best way to profit from this unstoppable trend?" he asks. In his Asia Stock Alert, he answers: Cameco Corp. (NYSE: CCJ). "The biggest producer of uranium in the world should be a cornerstone of your natural resource portfolio.

"According to the World Nuclear Association, there are nuclear power plants 34 under construction, 86 on order or planned, and 223 proposed. By 2013, 48 additional nuclear power plants should go into service, and over the next 10 years, an additional 100 plants will be built, with 40 of them in Asia.

"All those new nuclear power plants, of course, are going to need uranium. Next year, uranium demand is estimated to hit 83,000 tons. But according to the Uranium Information Centre, the world only produced 46,720 tons of uranium last year.

"We're talking about a huge increase in the demand for uranium and a severe production shortage. That is, of course, extremely positive news for uranium prices and uranium producers.

"One reason for the expected growth in nuclear power is that it is now safer than ever before. In addition, governments around the world are waking up to the threat of global warming. Nuclear power, which emits no greenhouse gases, is widely seen as an effective solution.

"In addition, nuclear power is the only alternative source of energy that has a real chance of greatly reducing our energy dependence.

"What's this got to do with China, which is the focus of our Asia Stock Alert newsletter? The answer is everything. China has two monumental problems staring it in the face.

"First, China desperately needs all the energy it can get it hands on to fuel is breakneck economic growth. Second, China is suffering from horrendous air pollution. The only practical solution to those two problems is nuclear energy. Lots and lots of it.

"China currently has 11 working reactors and its five-year plan calls for 14new nuclear plants to be built. On average, China is going to build two nuclear power plants a year. It won't be long until China's uranium needs will skyrocket as these new nuclear reactors come on line.