A global uranium cartel is forming to monopolize uranium sales.
There is, today, collusion among known, and unknown, principals of a cartel cooperating to monopolize the global uranium market, in a way not-unlike how DeBeers cartel controls the diamond market.
The Uranium One scandal chronicled on this site nearly one year ago-linked in the Foreword-was one episode in the cartelizing effort that involves, at least, Russian President Vladimir Putin and Kazakhstan's President Nursultan Nazarbayev.
InvestorIntel posted an article entitled "Is the Uranium sector about to come back to life?" and then affirmatively answers the question: "Currently in more than 12 countries, 71 nuclear reactors are under construction, 165 are planned, and 315 are proposed. China plans to spend $2.4 trillion to expand its nuclear power generation by 6,600%. Demand side growth in new nuclear reactors continues to grow with 'first fills' for new reactors requiring three times the uranium up front as annual burn. Japan is restarting idled capacity, and the primary producers are cutting back on production."
Again, from InvestorIntel: "Morning Star expects global uranium demand to rise roughly 40% by 2025. They forecast that low secondary supplies will cause shortfalls and that this will affect price negotiations by 2019. To encourage new supply, expected price should rise to around $65 per pound. Marin Katusa's research, shown below, forecasts a steady increase in global uranium demand, mostly due to China, India and South Korea."
"The country [Kazakhstan] has steadily rose in production since 2009 through to 2015, with 39 percent of world production last year. In 2015, Kazakhstan produced 23,800 tonnes, which is a significant leap from 2014's 23,127 tonnes. The country's government is planning to build a Russian nuclear power reactor, possibly at Kurchatov, by 2025. Kazakhstan holds 12 percent of the world's uranium resources with an expanding mine sector and is planning to increase that by 2018.".
Nuclear Threat Initiative states that "Kazakhstan is home to some of the world's most abundant uranium deposits, accounting for 39% of the total world supply extracted from mines in 2016. Russia, China, and Japan all import large quantities of uranium from Kazakhstan. Established in 1997 by the Kazakhstani government, Kazatomprom controls all the country's uranium exploration, mining and other nuclear activities."
https://canadafreepress.com/article/the-real-russian-collusion-is-uranium-one-and-beyond
There is, today, collusion among known, and unknown, principals of a cartel cooperating to monopolize the global uranium market, in a way not-unlike how DeBeers cartel controls the diamond market.
The Uranium One scandal chronicled on this site nearly one year ago-linked in the Foreword-was one episode in the cartelizing effort that involves, at least, Russian President Vladimir Putin and Kazakhstan's President Nursultan Nazarbayev.
InvestorIntel posted an article entitled "Is the Uranium sector about to come back to life?" and then affirmatively answers the question: "Currently in more than 12 countries, 71 nuclear reactors are under construction, 165 are planned, and 315 are proposed. China plans to spend $2.4 trillion to expand its nuclear power generation by 6,600%. Demand side growth in new nuclear reactors continues to grow with 'first fills' for new reactors requiring three times the uranium up front as annual burn. Japan is restarting idled capacity, and the primary producers are cutting back on production."
Again, from InvestorIntel: "Morning Star expects global uranium demand to rise roughly 40% by 2025. They forecast that low secondary supplies will cause shortfalls and that this will affect price negotiations by 2019. To encourage new supply, expected price should rise to around $65 per pound. Marin Katusa's research, shown below, forecasts a steady increase in global uranium demand, mostly due to China, India and South Korea."
"The country [Kazakhstan] has steadily rose in production since 2009 through to 2015, with 39 percent of world production last year. In 2015, Kazakhstan produced 23,800 tonnes, which is a significant leap from 2014's 23,127 tonnes. The country's government is planning to build a Russian nuclear power reactor, possibly at Kurchatov, by 2025. Kazakhstan holds 12 percent of the world's uranium resources with an expanding mine sector and is planning to increase that by 2018.".
Nuclear Threat Initiative states that "Kazakhstan is home to some of the world's most abundant uranium deposits, accounting for 39% of the total world supply extracted from mines in 2016. Russia, China, and Japan all import large quantities of uranium from Kazakhstan. Established in 1997 by the Kazakhstani government, Kazatomprom controls all the country's uranium exploration, mining and other nuclear activities."
https://canadafreepress.com/article/the-real-russian-collusion-is-uranium-one-and-beyond
No comments:
Post a Comment