More information about uranium minining

ByRod Adams

As mentioned in a previous Atomic Show, the uranium market is full of speculators and get rich quick opportunists.

The International Herald Tribune published a story on March 28, 2007 titled High price of uranium prods U.S. mines to life that gives some indications about the natural response from mining companies and independent explorers. A close read of the article will provide some feel for the productive capability within US borders that has remained dormant during the long hiatus in new nuclear plant construction.

The high current prices are having the exact effect that textbook economics says will happen with a dramatic rise in the price of a commodity – the suppliers recognize the opportunity and rapidly ramp up production to meet the demands.

Once again a warning – it is rarely a good time to buy a commodity or a commodity play in a situation where there has been a 900-1000% price increase over a five year period.

Rod Adams
Rod Adams

Rod Adams is Managing Partner of Nucleation Capital, a venture fund that invests in advanced nuclear, which provides affordable access to this clean energy sector to pronuclear and impact investors. Rod, a former submarine Engineer Officer and founder of Adams Atomic Engines, Inc., which was one of the earliest advanced nuclear ventures, is an atomic energy expert with small nuclear plant operating and design experience. He has engaged in technical, strategic, political, historic and financial analysis of the nuclear industry, its technology, regulation, and policies for several decades through Atomic Insights, both as its primary blogger and as host of The Atomic Show Podcast. Please click here to subscribe to the Atomic Show RSS feed. To join Rod's pronuclear network and receive his occasional newsletter, click here.

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