Uranium industry at the crossroads
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SMH.com.au reports this is the time that Australia has to make a decision to be a major player in uranium among the countries in the world.
For decades, the uranium industry has been said to be on the cusp of a boom. In the 1970s, for instance, and more recently, prices have risen sharply. In the 1980s, the anticipated surge in global nuclear power ran up against the tragedy of Chernobyl. But for the industry’s boosters, the coming decades look like the real deal.
The Government’s official forecaster, the Australian Bureau of Agricultural and Resource Economics, is among the bulls. There are about 436 operational nuclear power plants in the world. On ABARE’S tally, another 64 will be commissioned within just the next six years. And, says Ziggy Switkowski, the chairman of the Australian Nuclear Science and Technology Organisation, there are likely to be 1000 nuclear power plants by mid-century.
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Tags: Australian Nuclear Science and Technology, global nuclear industry, nuclear, nuclear industry, Nuclear power plants, price of uranium, u3o8, Uranium, Uranium Exploration, uranium industry, uranium investing, uranium price, uranium sector
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