Reasons why Uranium will move higher in the mid term:
1) Uranium had fallen to about $47 per a pound which reduces the incentive for compaines to keep producting uranium. Compaines such as Cameco, BHP Biliton, and Paladin Energy have cut back on production and expansion of mines.
2) India announced that it wants to increase its nuclear power generation capacity nearly 200% over the next 25 years.
3) China have 26 nuclear reactors under construction this year. China also announced it will increase their nuclear generation capacity 6x by 2020 to 80 gigawatts.
4) Russia have 10 reactors under construction this year and 14 more reactors in the planning stage.
According to the World Nuclear Association, there are more than 60 reactors under construction around the world and a total of 95 new reactors are expected within the next 10 years.
You are reminded that you are responsible for your own due diligence. We share in neither your profit nor your losses.
