This week has seen more bullish news for the uranium price. But the price is static at $64.50 a pound. Now looks like a good time to buy uranium.
India has been invited to fully participate in the civilian nuclear club. And Russia has revealed more details about its floating nuclear reactor programme.
The decision to let India trade in nuclear materials and equipment is partly political and partly business. But the reasons do not matter that much.
What really matters is the billions of dollars the Indian government is about to spend. And the fact that it uranium use is set to soar over the next 10 years.
It’s all down to a decision from the Nuclear Suppliers Group (NSG).
The organisation consists of 45 countries. It was formed in 1974 in response to missile testing by India.
It restricts uranium and nuclear equipment supplies to countries that have not signed the non-proliferation treaty (NPT). Well, it did until now.
India has still not signed the NPT. But it is now allowed to trade in nuclear equipment and materials. This is a global precedent.
The Indian government says its power supply falls 14.8% short of demand at peak times. This is holding back economic growth.
The Asian Development Bank has calculated that lack of proper infrastructure crimps two percentage points off India’s growth each year.
The move will not only boost GDP in India over the long term, but it will boost Western company profits as well. Reactor manufacturers such as General Electric, Alstom and Siemens are eying the $14bn the government now wishes to spend in 2009 alone.
The real reason, however, is politics.
The US is upset about China’s potential domination of Asia. Its government has been doing all it can to make the country a worthy economic and political rival to its foes in Beijing. This deal is all part of this plan.
That’s why the NPT was ignored.
Russia starts a new uranium trend too
More bullish news for the uranium price has also emerged from Russia.
The country has confirmed that the world’s first-ever floating nuclear power plant (FNPP) will be launched in St Petersburg in less than two years’ time.
The FNPP is basically a very large barge. It will look like a small island with an area of between 7.4 and 12.4 acres.
There are some safety concerns, but the Russians proudly note that the reactor is based on the same design as was installed in the Kursk. This submarine slammed into the bottom of the Barents Sea in 2000 - but the reactor was safe. .
The Kursk was disabled by an electrical explosion. When the submarine was raised, the reactor had turned itself off automatically and the reactor was safe and ready to operate.
The FNPP will be around 15 times less powerful than a normal nuclear power plant on land. But it would still be able to supply energy to a city with a population of 100,000 people.
The news from India and Russia shows that the charge to a nuclear future is unstoppable. And readers of my Smart Commodities service are right at the heart of it!
We already have one play in the portfolio that’s set to benefit from a surge in the uranium play. And in my next issue I’ll be recommending another way you can play this exciting commodity.
This Australian company is one of the most exciting businesses I’ve ever come across. Its technology has been described as "game changing", and could drastically reduce the costs of enriching uranium.
To be in on this recommendation, all I ask is that you take a trial subscription of my service. The trial lasts for three months, so there’s plenty of time to get this issue and the one after. And if you decide during that three months that you do not wish to continue, you can cancel, get a full refund... and KEEP any issues you’ve received.
The share I’m about to recommend has fantastic potential. It is a unique way to play uranium, a commodity which I believe is about to boom!
Discover more about Smart Commodities right here
Regards,
Garry White
Editor
Smart Commodities UK
India Invited to the Civilian Nuclear Club & Russia Reveals More on Floating Nuclear Reactor Programme
Home
»
Energy »
Nuclear Energy »
More Power to India and Russia - and the Uranium Price | You are here
RED HOT PENNY SHARES - PENNY SHARES INVESTMENT
Penny Shares Advice from former hunts down the superstars of tomorrow while they still sell for pennies!
Find out more about Red Hot Penny Shares - Penny Shares Investment »
More Power to India and Russia - and the Uranium Price
Date
09/09/2008
The Right Side
| By Garry White
Home
»
Energy »
Nuclear Energy »
More Power to India and Russia - and the Uranium Price | You are here
The Right Side is an unregulated product published by Fleet Street Publications Ltd. Information in The Right Side is for general information only and is not intended to be relied upon by individual readers in making (or not making) specific investment decisions. Appropriate independent advice should be obtained before making any such decision.
Investment themes:
Daily Reckoning | Energy | Small Cap | Gold | Commodities | Shares | Oil | Spread Betting | Economy | Emerging Markets
Investment services:
Fleet Street Letter
|
Profit Hunter
|
Red Hot Penny Shares - Penny Shares Investment
|
The Bulford Files
|
Zurich Club
Free E-letters:
Penny Sleuth - The Penny Shares Expert
|
The Right Side
googleadcf22c2af1bffa8
|
Privacy Policy
|
About Us
|
Contact Us
|
Legal
|
Site Map
|
Whitelisting
|
Whitepapers
Copyright 2009 © Fleet Street Publications
Registered office 7th Floor, Sea Containers House, Upper Ground, London SE1 9JD. Registered in England with Co. No. 1937374. VAT No GB629 7287 94
Fleet Street Publications is authorised and regulated by the Financial Services Authority Reg No. 115234. http://www.fsa.gov.uk/register/home.do
Registered office 7th Floor, Sea Containers House, Upper Ground, London SE1 9JD. Registered in England with Co. No. 1937374. VAT No GB629 7287 94
Fleet Street Publications is authorised and regulated by the Financial Services Authority Reg No. 115234. http://www.fsa.gov.uk/register/home.do