WoW Goldantibody reaction can also be sent shares of Cameco and Uranium One to fall sharply, as the producers of uranium has risen to 55 and 100 percent respectively over the past eight months, as investors bet the nuclear fuel growth in the world.
Closure of 11 of the 54 reactors operating in Japan would probably push the short-term market for uranium, with different deliveries and leave producers with a surplus. The situation will only worsen as the confidence of investors sour on the overall future of the industry, pushing spot prices down further.
Chinese can not change plans
Although the incident could affect the deployment of U.S. nuclear and Japan, China and India should go ahead with plans to increase nuclear presence in his attempt to broaden the sources of energy to fuel rapid urbanization.
China plans to increase the production of nuclear energy for about 11 gigawatts per year of at least 80 GW by 2020. Asian nation has 50 reactors in the planning stage.
The current world demand for uranium is 180 million pounds per year, 140 million pounds of mineral production. The rest is full of action and lowered uranium for nuclear weapons, according to Cameco.
In China alone, needed no more than 60 million pounds more per year, if he succeeds in his introduction.WoW Gold Cheap