Lawrence Williams reported that presenters at a uranium seminar organised this week by the London branch of Mining, and sponsored by Fission Uranium, from a broad spectrum of the industry were all in agreement that uranium prices would likely rise substantially, but perhaps not yet - only in the medium to long term. And medium to long is just another way of saying jam tomorrow, although in this case tomorrow will undoubtedly come but price rises may not be significant until perhaps the end of the decade.
The opening keynote was given by Ian Hiscock of commodities research group CRU who reckoned that short-term price weakness would remain but that demand for uranium would likely double in the next 20 years with growth in usage for nuclear power generation flat to downwards in the West, due to the probably overdone post-Fukushima fallout, but very substantial growth occurring in the East, and in particular in China which has a huge nuclear power development program now in place to replace their coal-fired power plants.
Nuclear power arguably offers the only real major scale non polluting, zero carbon emission technology out there and China sees this as a means for reducing its enormous air pollution problems which beset its major cities from its massive coal-fired power generation sector.
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