Streetwise Articles
China Is Going on a Nuclear Energy Spree
Source: commodityonline.com (12/3/07)
China plans to build 30 new nuclear power plants to supply its insatiable need for electricity in the next 12 years.
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Rudd's Win Pleases Uranium Lobby Group
Source: ABC News (11/29/07)
The Australian Uranium Association (AUA) says Mr Rudd's comments on business regulation reform could indicate bans on uranium mining in Queensland will be lifted.
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All Eyes Are on the New Guy: Rudd Sweeps In
Source: resourceinvestor.com (11/28/07)
Now that the Australian Labor Party will govern federally, pressure on the Western Australian and Queensland state Labor governments to open their gates to uranium mining could quickly intensify.
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Election Maintains Positive Uranium Outlook
Source: wnn world nuclear news (11/25/07)
The change of government in Australia from John Howard's Liberal Coalition to the Australian Labor Party led by Kevin Rudd is not expected to change, for the worse, the country's uranium mining and exploration policies or investment climate for uranium and may change them for the better.
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Uranium Still Glows
Source: howestreet.com (11/21/07)
...as always, it's the small companies that will be able to benefit from this second run in uranium prices. It will be a lot easier for these companies to double or triple in size. The first qualities that investors should look for are reserves and location...
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James Dines on Uranium
Source: Resource Investor (11/19/07)
At the San Francisco Hard Assets Conference, James Dines, editor of the Dine’s Letter, told listeners that “nothing has changed in uranium.” As opposed to Global Resource Investments’ Rick Rule, who told the conference yesterday of his intention to move clients out of uranium stocks, Dines said that “we have not yet hit the top of the cycle ... stocks will continue higher.”
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Australia's New Gold Rush, Courtesy of China
Source: Fortune (11/19/07)
During the past five years the Australian stock market's benchmark index, the ASX 200, has produced a total return of 170%, reaching new highs regularly this fall. Over the same time span the ASX index of mineral stocks has doubled that performance, returning 340%.
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European Public Opinion Swaying Towards Nuclear Power
Source: Thomson Financial (11/15/07)
"More than any other power source, nuclear is very susceptible to public perception and the political process, but these results indicate that there is scope for nuclear policy positions to evolve in the future," said Datamonitor energy and utilities analyst David Niles.
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For Candidates Roving US, Energy Stance is Fraught with Risks
Source: The Boston Globe (11/14/07)
...the Yucca Mountain matter (proposed nuclear waste repository) is even more politically loaded this campaign season, because Nevada has moved up its caucuses, raising the influence of the state in the presidential nomination process.
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Uranium Players See Spot Prices Moving More Gradually Upward
Source: Platts (London) (11/14/07)
Ux Consulting, in a report released late November 12, raised its price $2/lb, to $92/lb, from the price it published a week earlier.
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Nuclear Industry Radiating Life
Source: Mail & Guardian Online (11/11/07)
There are new signs of life in the domestic nuclear industry as United States-based Westinghouse announced an acquisition, saying it was increasing its local presence to supply South Africa’s new nuclear power programme.
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Peter Brimelow: Dines Still Glowing About Uranium
Source: Dow Jones (11/5/07)
Dines concludes: "Uranium action this year thus appears to be an example of an unusual 'Major' consolidation, while the uranium market tries to figure out which path to take. We must remain stoically calm, and not allow our emotions to whip us back and forth..."
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Global Nuclear Renaissance Can Create Thousands of Jobs
Source: engineeringnews.co.za (11/5/07)
...the global nuclear renaissance could see the amount of nuclear reactors in the world nearly doubling to 730 by 2030, from the current amount of 438...
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Nuclear Summer on Its Way
Source: newsreview.com (11/1/07)
...It's not only the industry promoting nuclear power plants. Political leaders and major publications—and they include some surprising names—are urging a new look at nukes as an energy source.
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The Middle East Racing to Nuclear Power
Source: The Christian Science Monitor (11/1/07)
...economics are also behind this new push to explore nuclear power, at least for some of the aspirants. Egypt's oil reserves are dwindling, Jordan has no natural resources to speak of at all, and power from oil and gas has grown much more expensive for everyone.
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Glowing Times Ahead for Uranium
Source: Daily Mail (10/29/07)
Jamie Strauss, at BMO Capital Markets, who called both the upturn and the subsequent shake-out, now believes the fall is over.
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Uranium Wins More Fans As An Investment
Source: International Herald Tribune (10/29/07)
"Renewed buying interest on the part of speculators and hedge funds is contributing to the upward price pressure," TradeTech said. "However, this demand remains predominantly discretionary."
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Financial Players May Be Key to Uranium Spot Price Resurgence
Source: canada.com (10/25/07)
Both Ux Consulting and TradeTech reported a US$2 increase to US$80 per pound in the uranium spot price recently, marking the second straight week of gains after several months of stagnation or declines.
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Nuclear Power Output Could double by 2030 - IAEA
Source: Reuters (10/24/07)
The world's output of nuclear power could nearly double by 2030, fuelled by demand from energy-hungry emerging economies and fears about security of supply and climate change, the UN said on Wednesday.
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Investors Rush to Join Australia Mining Boom
Source: Reuters (10/24/07)
Australia is on everyone's map, it's one big free-for-all," said Eagle Mining analyst Keith Goode, who scours the outback by four-wheel drive or in light planes assessing prospects.
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Uranium Stocks Reversing Downward Trend?
Source: Mineweb.com (10/23/07)
Widely followed industry experts Ux Consulting and Tradetech Uranium this week said the spot uranium U3O8 price had increased by $2 to $80 a pound, signalling a further possibility that recent prices around $75 a pound represented lows.
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High Uranium Prices Boost Exploration: IAEA
Source: Reuters (10/16/07)
"High prices stimulate exploration. If you explore more, you will find more -- in Africa, Australia, maybe some additional resources in China," Yury A. Sokolov, the International Atomic Energy Agency's deputy director general, told Reuters in an interview late on Monday on the sidelines of a nuclear conference.
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From Uranium to Barges, Hedge Funds Covet All
Source: Reuters (10/12/07)
U.S. hedge fund groups Adit Capital and Solius Energy Fund are among hedge funds that are reported to control more than 25 percent of the world's physical uranium stockpiles, hoping to profit from revived interest in nuclear power.
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Uranium Ban "A Lost Opportunity"
Source: thechronicleherald.ca (10/12/07)
"Every other province (except Nova Scotia) can explore for uranium," said Mr. Ken Chernin,a financial analyst with Acadian Securities Inc., who noted that large amounts of capital, driven by higher uranium prices, are being spent on uranium exploration in Newfoundland and Labrador.
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US Eyes Boom in Nuclear Reactors
Source: news.bbc.com (10/11/07)
Almost three decades have passed since the last application was filed to build a new nuclear reactor in the US. Now, up to 30 are expected in the next three years.
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