Uranium Miners Making News

Notable Quotes

"EXXI has a very good mix of high-impact exploration and lower-risk development." (1/31/12) Energy XXI - The Energy Report Interview with Bill Powers More >

"NPK appears to be the lowest-cost potash producer in Brazil." (1/31/12) Verde Potash - Jaret Anderson, Mackie Research More >

"TPL's new oil storage and rail loading facility will initially double production." (1/30/12) Tethys Petroleum Ltd. - Deborah Sterescu, Proactive Investors More >

"CPT continues to derisk Vista." (1/30/12) Coalspur Mines Ltd. - David Charles, GMP Securities More >

"TLH is performing a very aggressive expansion plan." (1/26/12) Talison Lithium Ltd. - The Energy Report Interview with Daniela Desormeaux More >

"LI has really good prospects for the future." (1/26/12) Lithium One Inc. - The Energy Report Interview with Daniela Desormeaux More >

"I think that RM can be a player in the lithium industry." (1/26/12) Rodinia Lithium Inc. - The Energy Report Interview with Daniela Desormeaux More >

"NMX has one of the highest project rankings by our methodology." (1/26/12) Nemaska Lithium Inc. - The Energy Report Interview with Daniela Desormeaux More >

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Source: Uranium Investing News, Melissa Pistilli��(3/1/10)

"Global uranium consumption will rise from 69,000 tons annually. . .to about 285,000 tons by 2040"

While uranium spot prices are expected to remain flat for 2010 and into 2011, rising demand from the growing nuclear power utilities sector should benefit uranium prices over the long-term.

Unlike contract prices, spot prices are determined by demand from non-contracted utilities. "They've replenished their (uranium) supplies. So this year there won't be as much buying by utilities," said Patricia Mohr, senior commodities analyst with Scotia Capital Markets.

But Mohr sees uranium supply requirements for those utilities rising over the next several years and spot prices should rise as well.

TradeTech CE Gene Clark sees spot prices averaging between $40 and $60 per pound over the next few years.

Global uranium demand should quadruple over the next 30 years, Professor Barry Brook of the University of Adelaide told attendees at the Paydirt 2010 Australian Uranium Conference Monday. "Under this growth scenario, global uranium consumption will rise from 69,000 tons annually at present, to about 285,000 tons annually by 2040."