The best thing about low uranium prices is that they greatly enhance one’s ability to take over world-class deposits that were discovered prior during increased exploration thanks to high uranium prices.
While the world wades in the shallow end of the pool waiting for the economy to warm up, Asia has taken a deep dive into the energy space as they’ve recently announced acquisitions of Canadian resources companies.
Uranium is fast approaching a supply-demand deficit and there is a possible shortage in uranium ore which may benefit uranium miners. The prolonged basing period in uranium is rapidly approaching its conclusion.
Russia has effectively recoupled with the other BRIC countries after the Russian economy lagged out-of-the-gate once the global recovery began, leading some to question whether it belonged in the same category as Brazil, China and India.
There is understandably concern about the risks of nuclear power in the US in the wake of the Fukushima melt downs. But the US is not the market for responsible for the growth of nuclear power and its fuel. China and India are.