Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Yes, but on the very short term (next two years), we now have a scarcity of uranium: during 1Q07, there has been catastrophic flooding in two separate U mines (cigar lake in canada, and one in australia). In my view, and at a time when a huge inventory of above-ground U is in the hands of hedge funds, this is not a coincidence. Basically, some new plant will delay start-up simply because they cannot secure the fuel, being auctioned out of the market (initial loading is the biggest ones, and new players don't have the long-term contracts already signed).

by Pierre on Fri Jul 13th, 2007 at 04:01:13 AM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series