{"id":276,"date":"2011-03-02T11:44:52","date_gmt":"2011-03-02T11:44:52","guid":{"rendered":"http:\/\/www.thebizsense.com\/views\/?p=276"},"modified":"2011-03-03T18:28:20","modified_gmt":"2011-03-03T18:28:20","slug":"the-other-yellow-metal","status":"publish","type":"post","link":"https:\/\/www.thebizsense.com\/views\/the-other-yellow-metal","title":{"rendered":"The Other Yellow Metal"},"content":{"rendered":"

The Other Yellow Metal<\/strong><\/p>\n

\"Uranium\"<\/a>

Uranium<\/p><\/div>\n

According to a new report on uranium by Jackson Wong of Investors Intelligence, current bullishness stems from several factors:<\/p>\n

\u2022 The annual requirement to fuel nuclear reactors is forecast to increase over the next four years from 68,000 tons to about 90,000. Current mine output is no more than 55,000 tons. New production from countries such as Namibia, Niger and Uzbekistan \u201ctakes time\u201d to bring on stream and requires \u201chuge up-front capital expenditure.\u201d<\/p>\n

\u2022 The gap between newly-mined supply and demand has been bridged by dismantling 12,000 nuclear warheads and converting their highly-enriched uranium into low-enriched reactor fuel. But the Megatons-to-Megawatts agreement between the US and Russia for releasing their military stockpiles is set to expire in 2013.
\nAlthough the new START agreement provides for the two nations to scrap a third of their strategic warheads, Wong suggests Russia may decline to extend M2M provisions because of its own growing uranium demand, thus removing significant supplies from the market. The rundown of civilian inventories, which currently provides about 10,000 tons a year, is expected to be exhausted by 2013.<\/p>\n

\u2022 There is a growing shift towards kinds of energy not generated from oil, gas and coal, especially nuclear-generated electricity, which is the cheapest (Wong points to a study showing production cost in the US in 2006 averaging 1.72 cents per kilowatt hour, compared to 2.37 for coal, 6.75 for gas and 9.63 for oil) \u2013 and has the lowest carbon emission. China , other Asian countries, and also some Central\/East European nations, are building many more reactors.<\/p>\n

\u2022 Energy security \u2013 less dependence on imported resources \u2013 is getting more priority. In China the government has directed its utility firms to stockpile uranium.<\/p>\n

\u2022 Uranium prices are in a secular bull market. Investors increasingly see more upside potential here than, for instance, in precious metals mining.
\nWong lists these ways of investing in the nuclear\/uranium sector:<\/p>\n

\u2022 Uranium infrastructure, a conservative option. He likes atomic power station engineering groups Toshiba Plant & Systems of Japan and the Shaw Group in the US.<\/p>\n

\u2022 Established uranium producers, also a conservative option. The preferred plays are Canada\u2019s Cameco and Australia-listed Paladin.<\/p>\n

\u2022 Uranium explorers and new producers \u2013 more speculative. Wong highlights US-listed Uranium Energy and Uranerz, and Canada-listed Denison Mines, UEX and Mega Uranium.<\/p>\n

\u2022 Highly-speculative junior uranium explorers such as Canada-listed Laramide Resources, Rockgate, Titan Uranium, Mawson and Strathmore Minerals.<\/p>\n

\u2022 Physical uranium. Uranium Participation Corp. owns stocks of uranium oxide.<\/p>\n

CopyRight \u2013 OnTarget February 2011 by Martin Spring<\/p>\n","protected":false},"excerpt":{"rendered":"

The Other Yellow Metal According to a new report on uranium by Jackson Wong of Investors Intelligence, current bullishness stems from several factors: \u2022 The annual requirement to fuel nuclear reactors is forecast to increase over the next four years from 68,000 tons to about 90,000. Current mine output is no more than 55,000 tons. New production from countries such as Namibia, Niger and Uzbekistan \u201ctakes time\u201d to bring on stream and requires \u201chuge up-front capital expenditure.\u201d \u2022 The gap between newly-mined supply and demand has been bridged by dismantling 12,000 nuclear warheads and converting their highly-enriched uranium into low-enriched <\/p>\n","protected":false},"author":1,"featured_media":277,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"amazonpipp_noncename":"","amazon-product-isactive":"","amazon-product-single-asin":"","amazon-product-content-location":"","amazon-product-content-hook-override":"2","amazon-product-excerpt-hook-override":"3","amazon-product-singular-only":"","amazon-product-amazon-desc":"","amazon-product-show-gallery":"","amazon-product-show-features":"","amazon-product-newwindow":"2","amazon-product-show-list-price":"","amazon-product-show-used-price":"","amazon-product-show-saved-amt":"","amazon-product-timestamp":"","amazon-product-new-title":"","amazon-product-use-cartURL":"","amazon_featured_post_meta_key":"","_amazon_featured_alt":"","amazon-product-template":"","footnotes":""},"categories":[8,3,9],"tags":[59],"class_list":["post-276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-investments","category-news","tag-uranium","has_thumb"],"yoast_head":"The Other Yellow Metal - TheBizSense Views<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thebizsense.com\/views\/the-other-yellow-metal\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Other Yellow Metal - TheBizSense Views\" \/>\n<meta property=\"og:description\" content=\"The Other Yellow Metal According to a new report on uranium by Jackson Wong of Investors Intelligence, current bullishness stems from several factors: \u2022 The annual requirement to fuel nuclear reactors is forecast to increase over the next four years from 68,000 tons to about 90,000. 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