The world's approximately 440 nuclear reactors require well over 150 million pounds of Uranium every year.
So how much uranium do we presently produce?
Only about 100 million pounds. And the stock of uranium collected from disassembled nuclear weapons is declining fast. To say the least, uranium is currently in a huge bull market - just look at price soar since 2003.
Consider these details from the World Nuclear Association Symposium in 2001:
• 1 kg of fuel equals about 1 kWh of electricity.
• 1 kg of coal or oil equals around 3 or 4 kWh of electricity.
• But 1 kg of natural uranium equals almost 50,000 kWh of electricity.
However the spread of nuclear technology hasn't been the only factor in boosting uranium's price.
For uranium, the only choice for investment is either Canada or Australia. Collectively, those two make up nearly 45% of the world's uranium production. One of the best parts of Australia's uranium explosion is that China is slavering over the enormous Aussie reserves.
The land behind under is set to supply the Chinese with 2,500 metric tons of uranium every year to fuel their nuclear program.
As the mark price for uranium approaches the $100 per pound mark, Australia's mining companies will blow up. Uranium's growth has stimulated the government to reconsider its policy of "no new uranium mines."
But whenever you look at the potential of uranium, you'll always end up in Canada, which holds around 15% of global uranium reserves and is the world's leading producer.
So how much uranium do we presently produce?
Only about 100 million pounds. And the stock of uranium collected from disassembled nuclear weapons is declining fast. To say the least, uranium is currently in a huge bull market - just look at price soar since 2003.
Consider these details from the World Nuclear Association Symposium in 2001:
• 1 kg of fuel equals about 1 kWh of electricity.
• 1 kg of coal or oil equals around 3 or 4 kWh of electricity.
• But 1 kg of natural uranium equals almost 50,000 kWh of electricity.
However the spread of nuclear technology hasn't been the only factor in boosting uranium's price.
For uranium, the only choice for investment is either Canada or Australia. Collectively, those two make up nearly 45% of the world's uranium production. One of the best parts of Australia's uranium explosion is that China is slavering over the enormous Aussie reserves.
The land behind under is set to supply the Chinese with 2,500 metric tons of uranium every year to fuel their nuclear program.
As the mark price for uranium approaches the $100 per pound mark, Australia's mining companies will blow up. Uranium's growth has stimulated the government to reconsider its policy of "no new uranium mines."
But whenever you look at the potential of uranium, you'll always end up in Canada, which holds around 15% of global uranium reserves and is the world's leading producer.
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