2014 could be the year for investors looking for good news in the uranium market.
Articles Tagged "uranium supply"
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.
Azer News reported that Kazakhstan increased their uranium production by 9 percent, year-over-year in Q2.
Mining Weekly reported that, under pressure from declining iron-ore and coal prices, the Australian mining sector is turning its attention to the potentially lucrative uranium market, as global demand will likely soon outstrip supply.
Reuters reported that the cancellation of a $6.5 billion uranium processing project has left China scrambling to secure supplies for its nuclear reactor building program.
Business New Europe reported that Japan Oil, Gas and Metals National Corporation plans to sign an agreement on the launch of a uranium mining project in Uzbekistan to secure supply for nuclear power.
Power Engineering International reported that a potential shortfall in uranium supply may impact nuclear power generation in the U.S. and the U.K.
Platts reported that spot price of uranium remains stable at $42.25 per pound on steady demand amid the US spring break season.
Lackluster uranium spot market activity over the past few months is leading impatient investors to wonder if 2013 will truly be uranium's comeback year.
Industry analysts see early signs of a crucial turnaround for both uranium spot prices and uranium mining shares as the market heads toward a supply deficit.