Australian Rare Earths

Australian Alternative Energy Forum


Not Really a Forum, more of my memory aid.


Comments on this forum should never be taken as investment advice.


Go Back   Alternative Energy Forums > Alternative Energy Discussion > Nuclear

Reply
 
Thread Tools Display Modes
  #1  
Old 03-20-2009, 06:25 AM
Sparty Sparty is offline
Administrator
 
Join Date: Mar 2009
Posts: 1,765
Default Uranium Demand to come from China

Long-term uranium demand strong: ERA


20/03/2009 4:27:01 PM

Energy Resources Australia Ltd (ERA) says long-term demand for uranium is likely to remain strong with China to drive demand growth in the next decade.
The yellow cake miner also says it is well positioned to take advantage of the robust market for uranium with projects in 2009 to increase production capability.


Uranium has not been subject to as severe a downturn in demand and prices that has beset the market for many other mineral commodities, ERA says in its annual report released on Friday.


"As market prices have risen, the long term fundamentals for the uranium market remains strong," ERA said.


"Overall, the supply and demand balance in uranium markets point to sustained higher prices in the medium term," the company said.
ERA concluded its first sale of uranium to China last year and says that country will drive demand growth for its product.


"The most significant growth in demand for uranium in the next decade will come from China."

 

Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice.

Reply With Quote
Reply

Tags
australian uranium, china demand, uranium supply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT. The time now is 02:10 PM.


Powered by vBulletin® Version 3.8.1
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.