Emerging Market Demand to Buoy Uranium Prices

Money Morning reported that, given the demand in emerging markets for uranium, there is an expectation that uranium prices will rebound.

As quoted in the market report:

Global Data’s research is in agreement with Money Morning Resource Specialist, Peter Krauth. In a recent article, Krauth stated that this year alone 65 nuclear plants are under construction, with another 160 reactors in the planning stage and 340 more proposed nuclear plants. The vast majority of this activity is occurring in emerging economy nations.

To view the whole Money Morning report, click here.

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Peninsula Energy

Peninsula Energy (ASX:PEN) is set to be the ASX’s next uranium producer. Its flagship Lance Projects in Wyoming is headed towards production in 2015, with purchasing contracts secured for 2015 to 2024.

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