There are 441 operational nuclear power reactors around the world today, with the IAEA reporting that 130 new nuclear power plants are either being built or are in the planning stages. These are conservative estimates, with the actual number of new plants likely to be much higher.
Supply & Demand
China plans to build two new nuclear reactors every year for the next 14 years, which would more than triple their annual uranium demand from 3 million pounds currently to over 10 million pounds by 2010. India has also stated its intention to ramp up nuclear capacity, which will double their demand for uranium from 1 million pounds currently to 2 million pounds in 2010 and 4 million pounds by 2020.
We can also add Russia and the United States to the list of countries committed to nuclear energy and needing to secure massive amounts of uranium to keep up with increasing energy demands.
Continue reading Fronteer Development – Gold & Uranium Winner