GREY:SXRZF - Post by User
Post by
wavepsycheon Dec 17, 2010 1:06pm
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Post# 17862758
$80 by 2012
$80 by 2012Fat lady is beginning to sing, nice ... in another news ...
China recently said it could build 112 gigawatts of nuclear capacity by 2020. Following his move, price of uranium shot up to $65 a pound within a few days, after languishing near $40 a pound since the onset of the global recession.
112 gigawatts is about a third of the world’s current nuclear capacity, and 60% above the high estimate for China’s growth forecast by the London-based World Nuclear Association last year. China is currently building 26 new reactors, more than twice as many as the nearest contender, Russia.
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Mining analysts predicted that China’s moves to lock up long-term supplies would mark the beginning of a multiyear bull-market cycle, and forecast prices of $75 to $80 a pound by 2012.
China boom in uranium market