Energy Fuels Ord Shs T.EFR

A New Bull Market for Uranium

[Peter518]

A New Bull Market for Uranium ....................................New reactors During this century alone, China has connected 8 new nuclear reactors to its power grid, which brings its total to 11 reactors. Additionally, China has ordered 100 new reactors from Westinghouse Electric to be in operation or under construction by 2020. Italy, formerly opposed to nuclear power (they banned it in 1987 by referendum), has now decided to embrace nuclear power. Other European countries, some of which are worried about the flickering natural gas supply from Russia, are also looking into developing their nuclear capacity. The same is happening in the United States. According to the IAEA, a total of 45 new reactors are already under constructionworldwide. ........................................ With new capital investments coming online, the uranium industry is factoring in growing demand from new reactors as well as the possible expiration of the Megatons to Megawatts program. Taking all that into account, the market is still set to remain tight - developing new mines takes time, especially so when one has to overcome political will (more precisely, the lack of it). This makes uranium mining companies one of the best places to put your money for the long term. https://seekingalpha.com/article/138591-a-new-bull-market-for-uranium ----------------------------------- It seems that smart moneys are accumulating cheaper shares from weak and impatient holders...