As uranium inventories rapidly deplete worldwide and projected future nuclear energy needs grow, there is an urgent need for new uranium mines and increased production. Recent industry consolidation has limited suppliers, condensed geographical diversity, and currently some existing and planned uranium production facilities are in doubt. Forward looking indicators suggest a uranium demand curve that will surpass supply within the next several years and thus naturally lead to higher projected commodity prices.
“Nuclear power is here to stay, and we need to support a strong domestic uranium industry.” – Michael Burgess, US Congressman
Content Credit: http://tinyurl.com/2fgdrs3