India is very interested in nuclear power. The country has 20 nuclear reactors in place, seven under construction, 18 planned and 39 proposed, all of which boils down to the fact that India is going to need uranium to feel those reactors. Lots and lots of uranium.
Articles Tagged "india"
India and Australia are aiming to complete negotiations on a civil nuclear agreement for uranium supplies by the end of the year, The Times of India reported.
The uranium spot price plunged $1.35 this past week, to $40.90 per pound, as a lack of market activity and reports of new problems with Chinese imports prompted sellers to lower offer prices
The Sydney Morning Herald reported that Australia and India will start negotiations for the sale of Australian uranium on March 19 although it could possibly take 2 years before a deal will be signed.
Uranium spot prices may be stuck in a slump post-Fukushima, but the nuclear power industry is showing signs of recovery.
Mineweb reported that Martin Ferguson, Australia's energy and resources minister, said that the country's decision to allow uranium sales to India is significant, but will depend on the negotiations that take place when the time to conduct exports arrives.
Both China and India are making headlines again for their pursuit of uranium resources to fuel their ambitious civilian nuclear power programs.
Uranium Investing News talks shop with resource stock guru Rick Mills, who believes a perfect storm of increasing demand alongside dropping above-ground supply will create ideal conditions for near-term producers.
Bloomberg reported Canada's Prime Minister, Stephen Harper says negotiations with India to trade uranium have concluded.
Globe and Mail reported diplomats from Canada and India are working to resume trade in nuclear materials and technology.