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India planning +14-fold increase in nuclear power capacity by 2032; Uranium rolling


February 23, 2012

Uranium Reaction

  • India Powering Up - India’s Power Minister stated that the country plans to have nuclear power generation capacity of 63,000 Mw in the next 20 years. Stating that, “atomic power is advantageous in terms of transportation and storage”, India’s Power Minister Sushil Kumar Shinde made the forecast at the India International Nuclear Symposium.

  • Ban Lifted - Citing “enormous profits” and job opportunities, the New South Wales Premier has overturned a ban on uranium exploration in the Australian state. With the overturning of the uranium exploration ban in New South Wales, the state of Victoria is now the sole remaining Australian state with a moratorium on uranium exploration.  Queensland allows exploration but mining is still banned.

  • Uranium Rolling - We have told anyone who would listen that when the uranium resurgence comes, it would be aggressive and it would first focus on the producers such as Cameco and Uranium One.  That time is clearly now. Week-over-week, Cameco has gained 13.8% while Uranium One has gained 24%.

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MARKET SUMMARY

INDICES

Name Last Change
DOW 24100.50 2.06%
S&P 500 2599.95 1.95%
NASDAQ 6910.67 2.31%
TSX 14595.07 1.06%
TSX-V 555.38 0.00%

Resource Commodities

Name Last Change
Gold 1238.38 0.29%
Silver 14.57 1.17%
Copper 2.76 0.010
Platinum 787.00 0.000
Oil 51.20 2.70%
Natural Gas 3.83 7.76%
Uranium 28.53 0.35%
Zinc 1.22 0.00%

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