Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199


Search Uranium Stocks
Uranium Price
Our RSS Feed

Uranium Updates

Enter your email address:

Follow Us on Twitter
« Daniela Desormeaux: Can Lithium Ride the Electric Vehicle Craze? | Main | Tim Murray: Light Oil Is the Next Big Play for Energy Stocks »

Uranium ETF: Rising Demand Seen for Uranium

ETF Trends 02 June 2011.JPG

Not all doom and gloom in the uranium space as this short piece posted on ETF Trends shows China's determination to push ahead with its nuclear programme.

Uranium prices plunged after the Japan earthquake and nuclear disaster sidelined nuclear power plant projects. Nevertheless, the uranium-related exchange traded fund (ETF) is still backed by the fundamentals.

The Global X Uranium ETF (NYSEArca:URA) is down sharply year to date.

Uranium prices have dropped 8.7% this year after plummeting almost 27% following the Japanese nuclear crisis in March, reports Moming Zhouh for Bloomberg. However, this trend is set to change as China and India begin a 46% increase in consumption of uranium to fuel five of the world’s largest atomic-power projects.

China’s Nuclear Energy Association has stated that it will increase atomic capacity by eightfold by 2020, and India’s Atomic Energy Commission has commented it will raise its production as much as 13 times by 2030.

“China recognizes they can’t satisfy the growth in electricity demand in a single dimension and they really need a diverse group of sources,” comments Spencer Abraham, a former U.S. energy secretary and current non-executive chairman of Areva SA.

Despite the tragedy in Fukushima, Tokyo, “the overall plan won’t be changed,” says Xu Yuming, vice secretary general of the Nuclear Energy Association. “China faces power shortages and we need to change our energy mix. To resolve these issues, we must develop nuclear.”

With energy concerns growing every year, the nuclear option will likely stay. Amir Adnani, chief executive officer of Corpus Christi, Texas-based Uranium Energy Corp. (UEC), comments that “in the next 20 years, the world’s nuclear capacity is going to double.”

Still slow going though!

Regarding The stats and the charts have been updated and are as follows:.

Our model portfolio is up 338.11% since inception

An annualized return of 128.07%

Average return per trade of 40.41%

81 closed trades, 78 closed at a profit

Average trade open for 46.27days

sk chart 22 May 2011.JPG

The above progress chart shows our performance when profits are re-invested, however, to see exactly how it is going, please click this link.

So, the question is: Are you going to make the decision to join us today.

Stay on your toes and have a good one.

Got a comment then please add it to this article, all opinions are welcome and very much appreciated by both our readership and the team here.

To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address. (Winners of the GoldDrivers Stock Picking Competition 2007)

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.

For those readers who are also interested in the nuclear power sector you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>