Uranium usageDoing a little research and came across the illustration below in an article by the Nuclear Power Institute. In that article they also talk about the furure power requirements worldwide and the increased need for nuclear power plants since they emit very little greenhouse gas and provide cheap power. There has been a lot of talk on this site about whether or not we have an over supply of Uranium and the answer is yes. As I have stated before that is not the question. The question is when does over supply change to shortage. The most common answer that I have found is 2019. However, nuclear plants will try to sign long term contracts before then so I think Uranium spot prices should continue to rise. Of course, there are other uses for Uranium such as military and who knows what that requirement will be. Maybe, the truck below will have NEXGEN on the side
Cheers
