Canada Seen as Major Supplier of Uranium Ore Amidst Rising Prices
January 29, 2007
TORONTO–(BUSINESS WIRE)–Last week, a U.S.- based research firm in Florida
predicted that uranium was poised to rise above $100 per pound this year and
according to Weiss Research’s Sean Brodrick, Canada is seen as a major supplier
of that ore as the demand for nuclear fuel grows amidst an increase in the number
of power plants being developed in various countries.
"I see increasing investor interest in this sector," said Brodrick.
"Canada has much in the way of mining expertise," Brodrick added,
when describing Canada’s active uranium mining industry.
Brodrick called Canada a "mining hotbed" going forward.
The worldwide supply and demand gap for uranium reached 68.5 million pounds
in 2005 and the Florida-based research firm says those figures in 2006 should
be much higher, without estimating demand this year.
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