With China growing its yellowcake stockpiles, the spot price for uranium is up 17 percent since the start of the year. That’s got analysts calling for $100 uranium by the end of the year. “I think for the early part of the year $75 is a good number, but it could surpass that substantially by year-end,” Pinetree Capital’s VP of business development Philip Williams tells The Energy Report... “By then, we think that the price will be at the $100 level and maybe even higher.”
Williams sees this as just the beginning in a longer-term uptrend ...
1 commentaire:
China will overtake the US to become the largest consumer of uranium by 2030 to meet robust demand for nuclear power, predicted Qian Zhimin, deputy director of the National Energy Administration. China imported 17,136 tons of uranium last year, triple the amount a year earlier. The nation's 13 nuclear reactors are capable of generating 10.8GW of electricity.
Enregistrer un commentaire