Why not uranium now?

- July 27th, 2010

CommodityOnline reports uranium getting its attention now.
RBC Capital Markets has projected a bump in the uranium price next year of 32 per cent to an average of $55 per pound as demand erodes supplies.  Current uranium price is quoted at around $41.75 per pound.
China is on record as wanting to build at least 60 new […]

CommodityOnline reports uranium getting its attention now.

RBC Capital Markets has projected a bump in the uranium price next year of 32 per cent to an average of $55 per pound as demand erodes supplies.  Current uranium price is quoted at around $41.75 per pound.

China is on record as wanting to build at least 60 new reactors by 2020, increasing its spend with Cameco, one of the world’s largest uranium producers.

In India also, demand for uranium is on the rise with the country planning mega nuclear power plants in the coming years.

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