[Nick1984]

I follow the price of Uranium pretty closely as I trade Uranium mining stocks.
The spot price of Uranium is at $120/lb and has been rising for over 6 months.

At the moment demand for Uranium is far outstripping supply. We simply cannot dig it out of the ground fast enough to supply the energy needs of the world. African countries such as Namibia have let in a large number of exploration companies and already have mining giants such as Rio Tinto and Paladin Resources mining there, with many other explorers drilling around to find more. However the Namibian government has now slowed down on the granting of tenements to new explorers.

Resource rich countries such as Australia are still reluctant to expand mining of the resource. As our elections are coming up this year, both political parties are putting on their true colours when it comes to uranium mining with the local Labor party going back on it's maximum 3 Uranium mines policy should it be elected.

There is still way to much red tape to cross with environmental regulations as well as an unfriendly commuinty vehemently opposed to Uranium mines in Australia.

There are only so many old nuclear warheads that can be dismantled to keep on stoking those nuclear reactors!

With our inability to keep on digging up enough low grade U308, I expect that uranium prices will keep rising but to what extent? Uranium cannot remain a viable resource if it cannot be used and many countries will start to look at non-nuclear energy production. With the world moving away from coal power gradually thanks to the global warming wagon rolling on, the choices for alternative energy sources are becoming rarer.

How do you see the future of Uranium markets?
Maybe we should start buying up Hydrogen shares!