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Originally Posted by miss_silver
What's interesting in this article is that they even plan to kick out Nuclear Energy in the process. Why use enriched uranium and bury the very toxic radio active byproduct it produce when a rod is depleated when one can use clean, safe Hydrogen to do the same job?
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Maybe the small European countries are, but not the big players like China, India and Russia.
According to market watchers China’s demand for Uranium will be greater their demand for oil in the coming years.
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China’s target is to more than quintuple its nuclear capacity — by 36,000 megawatts — by 2020. And still, nuclear power would only cover 4% of China’s needs!
Result: China’s annual uranium needs will jump from 3 million pounds per year now ... to 10 million pounds per year by 2010 ... then 18 million pounds per year by 2020.
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Which is why the price of uranium jumped 76% in 2005. Australia has most of the uranium in the world, something like 30% of it while Canada has 15% of the world supply. The regulatory climate is now changing rapidly in Australia---China, India and Russia - Miners and mining companies are fanning out all over the globe to every backwater and dirt-patch with a whiff of uranium on it. It may be the next big rush.
A link--
A New Wave of Exploding Prices! (by Weiss, Brodrick and Edelson)
http://www.moneyandmarkets.com/press...=229&cat_id=6&