The Conversation (0)
Energy Report Interviews Alka Singh About Uranium Fundamentals
Sep. 14, 2012 10:27AM PST
Energy InvestingBusiness Insider reported an interview with the Energy Report and Alka Singh.
Business Insider reported an interview with the Energy Report and Alka Singh.
As quoted in the market news:
There are 433 currently operating nuclear power reactors around the world. Annually, they consume 177 million pounds (Mlb) of uranium. The world does not produce that much yellow cake. Last year, production was 130 Mlb. The gap is currently being filled largely by the Highly Enriched Uranium Agreement (HEU) with Russia and by other sources. As we approach the 2013 HEU Agreement expiry date, the supply/demand fundamentals will prove positive for uranium prices, and that will boost the price of uranium equities.