Some interesting points to consider if looking at Uranium...
"The number of nuclear reactors worldwide is likely to double by 2030. According to World Nuclear Association data, as of Jan. 1, the number of reactors currently under construction or approved totals 295 while the number proposed stands at 327.
Industrialization and population growth in emerging countries are creating huge new demands for energy. China alone has 57 nuclear plants under construction or approved, and another 120 proposed.
Attitudes are also becoming more favourable toward nuclear power. It is a low-cost alternative to coal and natural gas in the generation of electricity, yet emits virtually no greenhouse gases. Moratoriums are consequently being lifted and power plants are going ahead. Of note:
After ending its moratorium, the U.K. green-lighted 10 new power stations in December. (Source: Nick Hodge, managing editor of Alternative Energy Speculator)
The U.S. government provided loan guarantees in 2009 to build nuclear reactors, America's first new nuclear power plants in 30 years. (Source: Salida Capital report, Uranium Shortages Looming?)
The 2008 withdrawal of a 34-year ban against exporting uranium to India allows the country to buy uranium and expand its program. (Source: Scotiabank economist Patricia Mohr in the latest Scotiabank Commodity Price Index report).
About 40 per cent of uranium supply comes out of stockpiles built up from dismantling nuclear weapons and recycling fuel. This finite source means mining companies face additional requirements to increase production. "
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