Uranium Prices set to RiseWe have seen the spot price bounce off the lows to the current $23. With the Kazi's 10% reduction and the possibility of another 10% reduction in the next few months, lots of bright spots are starting to appear for U.
The Outsider Club: "In a bad year for metals and commodities in general, uranium has been the lone bright spot.By next year, it will be at $50 per pound.The year after that, $60 per pound.
That's right: Uranium prices are poised to double.The time to buy is now"
In all, more than a dozen countries get over 25% of their energy from nuclear power, with 437 nuclear reactors operating around the world. On top of that, there are another 71 reactors under construction, 165 planned, and 315 proposed. With that, uranium demand will grow 61% over the next few years to 238 million pounds.This year will be the first year that uranium demand will actually exceed supplies, creating a 60,000-tonne shortfall by 2018.That is why uranium prices are poised to rise, surging from under $30 now to over $60 by 2018".