U.S. Uranium Industry to Produce 20 Million Pounds by 2012

Jon Indall, Executive Director of Uranium Producers of America, told StockInterview.com that U.S. uranium production could annually reach 20 million pounds in five to six years.

Sarasota, FL (PRWEB) July 7, 2006 -- Uranium Producers of America Executive Director Jon Indall told StockInterview.com,“It’s fairly apparent this industry, in the next four to five years, could be producing in the range of 20 million pounds.” Questioned about the big jump from about two to three million pounds of current uranium mining production, Indall explained, “Conservatively, five to six years, but maybe even sooner.”

Asked about the looming uranium supply shortage, reverberating through the nuclear industry and uranium mining sector, Indall told StockInterview, “BHP and Cameco are aggressively trying to increase their production. They wouldn’t be doing that if they didn’t think there was a market for it.”

Commenting upon the re-emerging U.S. uranium mining sector, and its relation to the world’s far larger production centers, especially in Canada, Indall told StockInterview, “The U.S. market and the U.S. government are so critical to the health of all suppliers, in my opinion, because our government has done more to help and harm domestic and worldwide production than any other entity. I think foreign producers would be wise to recognize that having a viable U.S. industry, which senators and the congressmen care about, because they’re creating jobs and income in their states, is not a bad thing.”

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Stockinterview.com is a rapidly growing online news service, which provides investigative reporting, editorial, analysis and commentary of the nuclear fuel cycle, uranium mining, nuclear power, the environment and the natural resource industry. Over the past three years, the Internet news website has covered the nuclear energy renaissance, the worldwide uranium mining boom and the potential influence of alternative fuel sources on China’s dramatic economic growth.

To read the complete interview with Jon Indall, please visit StockInterview at http://www.stockinterview.com

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Julie Ickes
Editor, StockInterview.com
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(SOURCE: StockInterview.com)

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