- Published: Tuesday, 14 December 2010 07:18
- Written by John Miller
Demand shows no signs of slowing as many countries look for cleaner energy alternatives while the continuing urbanization of China and India means the need for more energy in these countries.
Nuclear power is seen by many as a solution to both these demand factors and the result is tremendous growth in the nuclear power industry.
Uranium prices have been somewhat slow to recover from the Global Financial Crisis which also saw a dramatic decrease in uranium exploration. The flow-on effect has been a shortage of uranium and this shortfall is unlikely to be met in the short term.