Sixty-one nuclear reactors remain under construction around the globe, with 26 of them in China.
Atlanta, GA (PRWEB) April 02, 2012
MissionIR would like to highlight Uranium Energy Corp., a publicly traded U.S.-based exploration and development company focused on uranium production in the U.S. The company's operations are managed by professionals who have earned a reputable profile through many decades of hands-on experience in the key facets of uranium exploration, development, and mining.
Today, Seeking Alpha published the following article featuring Uranium Energy as one of the focus tickers: http://seekingalpha.com/article/472391
The article titled “Time For A Fresh Look At Uranium” provides a review of the current state of the uranium industry a year after Fukushima. After the nuclear disaster, many investors wrote off both the nuclear and uranium industries as dead. But as of today, there are 435 nuclear reactors online in 30 different countries. And most countries, with the exception of Japan, are buying uranium at the same rate they were before Fukushima.
The question of whether future supplies of uranium will be able to keep up with demand is still pertinent. The problem is that the cost of production continues to rise for mining companies while the price remains constricted in a lower range by the Japanese disaster.
These lower prices are restricting the number of producers who will actually survive to produce uranium in future years, which may be beneficial in the future for survivors like Uranium Energy or the world's largest uranium producer, Canada's Cameco.
On the demand side, the question about where the demand for more nuclear power and uranium will come from is also a legitimate one. The answer to the question has to be the emerging markets like China where demand for electricity is soaring. Sixty-one nuclear reactors remain under construction around the globe, with 26 of them in China.
The real impact in the uranium market will probably be seen in five years when demand for electricity keeps heating up in places like China and supplies from prospective uranium projects in Africa and elsewhere do not come to fruition. That's when it will pay to be an established uranium producing company.
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