News

June 17, 2008

Jurisdiction… The Next Big Thing In Uranium?

By Richard Reinhard

The International Atomic Energy Agency has just released its Uranium 2007: Resources, Production and Demand report. The industry calls it the “Red Book”, and the one statement that stood out was that known uranium resources would be sufficient to last for 100 years at 2006 usage rates.

While there may be no shortage of the stuff, the world is still only producing 60 per cent of its annual needs; the rest comes from the dismantling of nuclear weapons.  The report added that nuclear capacity is expected to increase by between 38 per cent and 78 per cent between 2007 and 2030. This will require both improved production and new discoveries if this growth is to be realized.
Literally - where on earth will this come from? The long term uranium price of U$90 per pound is...