More Good News for Uranium: China’s Nuclear Energy Build-Out
From Investment U
By Mike Kapsch
It’s no secret uranium prices have plummeted since the Great Recession and Japan’s Fukushima disaster. In 2007, a pound of U3O8 was worth as much as $136. Today, the same amount sells for just $43.88.
Yet, of all the places you could invest this year, I’d say one of the best will be the nuclear industry… Especially in miners that export uranium to China. Why?
The reason is two-fold. Despite all the controversy surrounding it, global demand for yellowcake and nuclear energy is actually higher today than it was before Japan’s nuclear meltdown in 2011. And when it comes to China, there’s simply no other country like it, expanding as much, or as quickly, into nuclear energy.
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