RE: the coal connection1 Jun 2014 18:51
Done a little bit of reading on Uranium. Current prices low. Market demand expected to increase. Uranium consumers buy uranium 3.5 years before they use the fule and there are 60 new reactors due online by the end of this decade in china, russia and the middle east. Taken from resource clips "So if you look at all those 60 reactors coming online by the year 2020, there will be a massive amount of long-term U3O8 buying. So I see in the latter half of 2015, early 2016 a lot of long-term contracting between suppliers and users"