| sider uranium as a red hot or white hot | | | | depleted faster and faster, with much of the |
| investment? Or think of uranium investment for | | | | present supply-unlike uranium- located in politically |
| profit at all? Soaring demand for uranium, the | | | | reliable or volatile regions. Gas. We have coal but |
| worlds principal nuclear fuel-thats why. | | | | its dirty and polluting. |
| About one sixth of the world's electricity is | | | | Enter uranium mines fuelling nuclear power as a |
| already coming from 440 existing nuclear reactors | | | | major alternative energy, fuelled by uranium from |
| last year, according to the World Nuclear | | | | within friendly nations such as Australia, Canada, |
| Association. That doesnt sound a large proportion. | | | | the US, Mexico and South Africa, and from new |
| B | | | | uranium exploration and mines. There is also |
| By 2050, scientists estimate the world will need | | | | ongoing research into extracting uranium from |
| about 900 more nuclear power plants just to | | | | seawater, providing a potentially limitless of |
| keep up with growing energy requirements.A new | | | | alternative energy. |
| nuclear station can use thre times normal uranium | | | | Then there is cost. |
| requirement. | | | | In spite of high start up costs, nuclear power is |
| As a result, demand for uranium has been | | | | getting cheaper all the time. Power generated via |
| outstripping supply since 2005. We cant get | | | | uranium is better and cheaper than coal, water, |
| enough out by uranium mining, so we are | | | | wind solar and fuel cells. A recent study showed |
| reprocessing old Russian nuclear war heads. Many | | | | that the next generation of nuclear power plants |
| countries are already buying uranium wherever | | | | should be able to produce electricity at $ 55 per |
| they can. | | | | megawatt hour, as against an average rate of |
| Japan is holding years of uranium stocks. China in | | | | $50 per megawatt hour at a coal plant. With |
| particular- the new economic powerhouse-has the | | | | further refinements, the nuclear power stations |
| cash and is buys uranium wherever it can, | | | | using uranium could produce it at about $44. That |
| presently buying up as much as it can of of the | | | | makes a uranium electricity than coal, without |
| uranium production within the worlds largest | | | | greenhouse ash and pollutants! |
| uranium deposits in Australia. | | | | Uranium is therefore underpriced and has not |
| Global Warming | | | | nearly reached its old peak in inflation-adjusted |
| Since 1990, we have had the 11 hottest global | | | | term. |
| temperature years since records began in 1861. | | | | Through 2006, the uranium spot market price |
| There is worldwide concern about further | | | | continually climbed by 99%, from $36.25 to $72 |
| production of greenhouse gases which will send | | | | per pound of uranium oxide,(U3O8). Now it has |
| climate change into overdrive. Unfortunately, along | | | | begun to climb again and at $75 per pound, the |
| with cars, the largest producers of polluting gases | | | | uranium price is now more than 10 times the |
| are dirty coal burning power stations. And the two | | | | record low of $7 per pound in 2000. |
| biggest industrial giants, the US and China- happen | | | | Back in 1978, uranium prices peaked at $43.40 |
| to be the biggest polluters and builders of new | | | | per pound (around $145 per pound in today's |
| stations. | | | | dollars. That means uranium prices could nearly |
| At the moment, most of the West is anti nuclear. | | | | DOUBLE and still not surpass its old |
| However... a coal plant will produce up to 2.7 | | | | inflation-adjusted highs. Expect uranium prices to |
| MILLION tonnes of carbon dioxide and ash, but a | | | | climb by the end of the year as uranium stocks |
| nuclear power station produces NO greenhouse | | | | deplete and new contracts with suppliers are |
| gases at all. Public opinion is likely to swing towards | | | | negotiated. |
| any energy source that is carbon-neutral- another | | | | Extra tips-Either invest in pure uranium mine |
| plus for uranium. | | | | companies or more safely,diversified industrial |
| Even a supposed anti nuclear stronghold, the | | | | miners with big interests in uranium. Look for a |
| former Soviet Republic of Belarus,( worst hit by | | | | firm with aggressive innovative exploration plans |
| the Chernobyl nuclear disaster), is now opting to | | | | and well stocked with experienced uranium mining |
| accelerate its nuclear energy program, as an | | | | engineers and geologists- they are rare now, so |
| alternative to expensive Russian natural gas .Use | | | | many were laid off after the 1980s. |
| of safer heavy water reactors is also likely to | | | | Expect many merger agreements to so firms |
| allay public opposition to nuclear power | | | | may consolidate neighbouring uranium mine claims |
| Heres another.. | | | | and 'share' uranium mining experts. |
| Availability | | | | Expect demand for uranium to reduce regulation |
| In 2006, global oil demand continued growing and | | | | and bans on uranium prospecting and mining. |
| will grow this year. The world used nearly 31 billion | | | | Check out uranium via uranium mining companies |
| barrels for the year, and the most used | | | | like Continental Precious Minerals, Frontier Group |
| ever,according to the International Energy | | | | Inc., Mega Uranium, and Alberta Star Development |
| Agency. What's more, world demand is set to rise | | | | And don't forget established blue chip uranium |
| to nearer 31.5 billion barrels. | | | | companies like Cameco. |
| Worldwide oil and gas reserves are becoming | | | | |