RE: Uranium stocks Found it in print ........
Sydney: Uran-ium prices are set to rebound after their worst year since 2008 as a looming supply deficit coincides with rising demand from China and India.
The price may rally 15 per cent to $60 a pound this year after slumping 17 per cent last year as Japan's atomic generation shrank following the March 11 earthquake and Fukushima Dai-Ichi disaster, according to the median of five analyst estimates in a Bloomberg survey. Prices may rise to $65 a pound and possibly as high as $75, according to Marshall Berol, a manager of the Encompass Fund in San Francisco.
"It will be a year of recovery post-Fukushima, as people recognise that the nuclear-energy industry is not going away, that it's not fading into the sunset," said Berol, who helps manage $300 million in assets, including shares in Cameco Corp., the world's largest uranium producer, and BHP Billiton Ltd.
China, the world's biggest energy user, needs to fuel a potential 100 atomic reactors by 2020, and has joined Saskatoon, Saskatchewan-based Cameco and Rio Tinto Group in seeking uranium assets.