Ending 2013 and entering in2014Top resource investor Rick Rule of Sprott Asset Management has stated that the world has two options, "Either the uranium price goes up or the lights go out.
World uranium consumption from nuclear plants is projected to be 184 million pounds in 2014, but globally supply will only reach 179 million pounds, assuming every company projection turns out to be correct.
China, who currently consumes 19 million pounds a year, is projected to reach 72 million pounds by 2030. China, like the U.S., imports almost all of their uranium, they only produce 4 million pounds per year.
Demand by the numbers
434 Reactors operable in 30 countries
71 New reactors under construction
173 Reactors planned
314 Reactors proposed
13.5% of global electricity comes from nuclear power
maybe there is hope and some light at the end of the tunnel and not a train...glta, dyodd