"Please see the excerpt below from an article in yesterday's Globe & Mail newspaper, from Canada, that can be supportive for uranium stocks:
"Encouraging comments from Chinese Prime Minister Wen Jiabao this week at the World Future Energy Summit in Abu Dhabi buoyed uranium stocks. Mr. Jiabao highlighted China's intention to go strong on renewables and nuclear power as it limits the use of coal. China needs to fuel a potential 100 reactors by 2020 and has joined Cameco and Rio Tinto Group in seeking uranium assets, which has helped to offset the pessimism hanging over the industry since the Fukushima disaster in Japan last March." Very best to all of you"
David Fuller's view Many thanks for this interesting item. I think China will surpass the USA in terms of nuclear power output within a decade.Back to top