David Talbot: “There Is Still Growth In Nuclear Power”

Business Insider reported an interview with David Talbot, who says uranium and nuclear power will see growth in the future.

David Talbot said:

We are still bullish on the uranium sector because the nuclear power industry is moving forward and demand is behaving somewhat predictably. Supply will make all the difference in the world. The U.S./Russia Megatons to Megawatts program will go off-line in 2013, which will remove 24 million pounds (Mlb) of secondary supply from the equation. Meanwhile, there are five more reactors in the planning or construction phases globally than there were before the disaster at Fukushima occurred. There are 430 reactors currently in operation worldwide, and 160 reactors are being planned now. The trend is clear: There is still growth in nuclear power.

Click here to read the full Business Insider report.