Look Out: $500 Uranium Is On the Way

…According to data from the World Nuclear Association, 158 nuclear reactors were proposed around the world in 2007–with 28 currently being built and 64 expected to begin construction this year. This is on top of the 435 reactor already operating.

These nuclear facilities will require over 135 million pounds of uranium.


And . . . we won’t come close to producing that much! The world only produced a little over 100 million pounds of uranium in last year. Supply will consistently fail to meet demand for several years.

Chinese demand has been a driving force behind uranium’s price rise since 2000. China’s desire for cleaner energy has led that nation down the nuclear path. Right now, China produces 3% of its electricity from nuclear power.

The goal, however, is to produce 100% of its electricity through nuclear power – requiring a huge amount of uranium.

Energy and Capital