Uranium Bottoming as China Boosts Stockpiles

“China is buying unprecedented amounts of uranium, signaling that prices are poised to rebound after three years of declines.”

“India and China are leading the biggest atomic expansion since the decade after the 1970s oil crisis”

“The uranium bull market of 2006 and 2007 stimulated the development of new supply, but we do not think it is enough,” Schatzker wrote in a report. “The prevailing uranium price is too low to stimulate sufficient supply to cover future reactor requirements.”

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