Uranium Market Outlook from Royal Bank of Canada

Uranium Market Outlook from Royal Bank of Canada

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Based on our (Royal Bank of Canada) analysis, only 26 million pounds of additional uranium can be brought into production between $40 per pound and $60 per pound and an incremental 60 million pounds can be added at prices between $75 per pound and $90 per pound

The Royal bank is still projecting increases in mined uranium of about 3500 tons for 2011 over 2010 and 6000 tons for 2012 over 2011. The Royal Bank has performed a thorough mine by mine and country by country analysis going out to 2020.

They are expecting China to have 90 GW of nuclear power generation in 2020 and a minimum of 80 GW of nuclear energy in 2020.

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