Nuclear Expert Warns of Coming Uranium Shortage

Mineweb reported Thomas Drolet, a nuclear expert, says the current uranium supply has at most three years before it runs out.

As quoted in the market news:

A uranium supply crunch is widely anticipated to hit the nuclear industry starting next year as Cold War era sources of uranium dry up. To illustrate the severity of the shortage that the nuclear industry faces, Drolet highlighted 2010 uranium production from mining – 118 million pounds – versus consumption: 190 million pounds.

Click here to read the full Mineweb report.