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Canada’s deal with China could make uranium boom

Posted on 14 May 2012

Canadian uranium producers (URA) can now compete with Kazakhstan, Australia and Russia to sell uranium to China. Canada produces about 20% of the world’s uranium and exports over 80% of annual production. The fast growing nuclear industry has never been open to China and will create a boom in the Athabasca Basin for uranium explorers.
This deal will allow Cameco (CCJ), the largest publicly traded uranium company to deliver 52 million pounds of uranium to China by 2025. The contract is worth about $2.5 billion in sales. China is hungry for nuclear with dozens of reactors planning to be built over the next 10-15 years………………………………………..Full Article: Source


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VRS - who has written 36706 posts on Opalesque Commodities Briefing.


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