uranium shortage likely in forthcoming years

Uranium shortage likely in forthcoming years
Friday, September 21, 2007 10:22:08 AM ET
RBC Capital Markets

NEW YORK, September 21 (newratings.com) - Analysts at RBC Capital Markets say that they have upgraded their forecast for both demand and supply of uranium for the forthcoming years.

In a research note published this morning, the analysts mention that they now expect annual demand for uranium to grow by an average rate of 3.8% per annum for the next 25 years, higher than the earlier forecast of 2.2% growth. Supply of uranium is expected to grow by 10% per annum until 2013, higher than the 3.2% forecast earlier, RBC Capital Markets says. The analysts expect uranium deficit in 2008 and 2009, a balance in demand/supply until 2011 and a small surplus until 2013. After 2015, a severe deficit in the uranium demand-supply gap is likely, the analysts add.

http://www.newratings.com/analyst_news/article_1616529.html