A nice read in the Australian Financial Review this morning.
Might see another sp rise, especially if the PM's October visit goes well.
some text from the article that stood out....
Australia is poised to take a significant step towards exporting uranium to India in a landmark move that promises to open up millions of dollars of sales for companies such as Paladin, Toro and Energy Resources of Australia and double national production by 2020. .... ....
Ms Gillard will travel to India from October 15-17 and is expected to meet the government’s most senior officials about energy, trade and economic ties. .... .... Global demand for nuclear power capacity could double by 2030, the International Atomic Energy Agency said, and Australia needs to expand mines and production to meet increased demand. The end of the US-Russia agreement next year on spent nuclear fuel will also significantly reduce supply. .... .... .... “If we’re making an agreement with India on the basis India wants our uranium and in order to build the Australian relationship with India, then we’d better be able to supply the uranium that they want,” Mr Angwin said. “I think the implication between any agreement between Australia and India is to put pressure on those governments and political parties which have so far have not given their support to the expansion of the uranium industry.”
