According to the World Nuclear Association, there are currently 439 active nuclear power plants throughout the world. Moreover, industry trade data shows that 36 new reactors are currently under construction, 99 new reactors have either been planned or approved by their local governments/countries, and an additional 232 new reactors have been proposed as of October 2008.
The The International Atomic Energy Agency projects at least a 27% increase in nuclear capacity by 2030. In 2007, 14% of the world's electricity came from nuclear power.
Data from the World Nuclear Association has shown that during the 1980s, one new nuclear reactor started up every 17 days on average, with estimates hinting that by the year 2014, this rate could increase to one every five days.
Given the fundamental backdrop, uranium suppliers are cheap and poised to move higher. About 445 million pounds of new uranium production is required to meet demand over the next 10 years. Given that it takes about 10 to 15 years to permit and construct new minds, the industry will be challenged to meet demand, prices will shoot higher, and these companies will coin money.
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