Uranium demand growth strongAnalysts are betting on a robust long-term outlook for uranium demand — and with good reason. Nuclear power expansion projects are expanding in nations around the world, including China, India, Russia, Ukraine, the US, the UK, South Korea and even the United Arab Emirates. Data from the World Nuclear Association shows that 62 reactors will be under construction worldwide in 2013, with another 484 either planned or proposed. China leads the way with 26 nuclear reactors under construction and a five-year plan for growing its nuclear program to an installed capacity of between 70 and 80 GWe by 2020; that's compared to its current capacity of 12 GWe. By 2030, the Asian nation hopes to extend capacity to 200 GWe.
Uranium Outlook 2013: Rebound On The Horizon
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