Analysis: China's nuclear program boosts uranium producers

(Reuters) - After weathering a tough third quarter, Canada's uranium producers are looking at much brighter prospects as their shares surge, spot uranium prices jump and growing demand for nuclear fuel pushes expansion into overdrive.
Not surprisingly, China is driving the underlying trend. Its ambitious program of building nuclear power plants promises double-digit growth in demand for uranium, a trend that should benefit Canada's established producers and juniors alike.
In addition, the Asian superpower could prompt a round of mergers and acquisitions as it looks for ways to control the supply of uranium needed to feed its fleet of reactors.
Global uranium demand is expected to grow 32 percent by 2015, according to RBC Capital Markets, a forecast that already has share prices climbing. More at:
http://www.reuters.com/article/idUSTRE6AH5ZK20101118

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