Uranium Supply Crunch Coming By 2016 - How Far Off Till Thorium Is A Substitute?
By Simit Patel:A presentation at the Vancouver Resource Investment Conference this past week by nuclear expert and energy consultant Thomas Drolet highlighted that a supply crunch in the uranium market could be here by 2016 -- and that if not dealt with, it could stop growth in the nuclear fuel industry. This echoes the comments of Tim Gitzel, the CEO of Cameco (CCJ) -- the largest uranium mining company in the world -- who last month said that investors were underestimating the possibility of a uranium shortfall.This is an important point that I think uranium investors should consider in formulating their strategy. Particularly, here is my take:Because new uranium supplies are needed and needed soon, the price of uranium will need to be in a steady uptrend over the next few years. It's a suppliers' market, and the miners know this; already companies like Uranium Energy Corporation (UEC) are holdingComplete Story »