The price increases experienced in the uranium market during the past 7 years has resulted in predictable behavior – exploration and mining operations are increasing. The clear signal sent by the market is that uranium is a desirable product, one that the customers need and that the suppliers can provide profitably.
In a December 26, 2007 article in the International Herald Tribune titled Uranium rush gets under way in Zambia Maxwell Mwale. Zambia’s deputy minister of mines, recently said:
“We are assured of a market in the sense that demand for nuclear power is increasing. Now there are these global warming concerns and issues of reducing carbon emissions, so nuclear power is attractive.”
Those words are music to my ears.