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Uranium is ready to roar back

Posted on 24 February 2014

Uranium prices are set to improve significantly in 2014 for a number of reasons. Today, the fundamentals for uranium and nuclear power generation are stronger than ever. More reactors are under construction, planned and proposed than before the Fukushima incident. For uranium prices to appreciate in the foreseeable future, one must look not only at the reactors under construction worldwide, but the ones coming online soon.
China has 28 reactors under construction, yet 5 are ready to be connected to the grid this year. Japan has submitted applications for 17 reactors to be restarted, whereas analysts are expecting at least 6-8 reactors to be granted permission for restart in 2014. Both China and Japan are set to add vast amounts of demand back into the uranium market………………………………………..Full Article: Source


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VRS - who has written 37037 posts on Opalesque Commodities Briefing.


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