| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Cameco has a revised forecast of Net New Nuclear Reactors for 2021
From
Cameco is one of the largest uranium producers in the world. They are highly motivated to have an accurate forecast of how many nuclear reactors there will be that will use their uranium resources. Cameco is expecting 15 fewer net new reactors by 2021. They still expect 80 net new reactors.
While expected demand has decreased, there has also been an increase in global supply. In China, Uzbekistan and Namibia production increased at a number of mines, which we expect will equate to about 30 million pounds of further supply over the 10-year period.
The result when we put these changes to supply and demand together is a demonstrated need for new supply of 360 million pounds from 2012 to 2021, compared to the 440 million pounds we had forecast earlier in the year.
See more and subscribe to NextBigFuture at 2012-11-02 03:24:00 Source: http://nextbigfuture.com/2012/11/cameco-has-revised-forecast-of-net-new.html
Source:
