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Nuclear Renaissance Needs Reliable Uranium Supply - Jamie Strauss, head of institutional sales for Hargreave Hale (UK), believes the nuclear renaissance could be held back if there is a further delay of uranium coming to market.
Nuclear Renaissance Needs Reliable Uranium Supply

 

PRZOOM - /newswire/ - Sarasota, FL, United States, 2006/11/14 - Jamie Strauss, head of institutional sales for Hargreave Hale (UK), believes the nuclear renaissance could be held back if there is a further delay of uranium coming to market..

   
 
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Jamie Strauss of Hargreave Hale (UK) told StockInterview.com, “We are somewhat concerned the nuclear renaissance may be, to some extent, slowed down unless we find new ore bodies or bring more production onstream quickly as a result of the Cigar Lake problem.”

The head of institutional sales for the London-based brokerage said the impact of the recent flooding at Cameco’s Cigar Lake underground mine could make U.S. utilities more aggressive in obtaining future uranium supplies. He told StockInterview.com, “Are they going to sit by and watch this thing happen? I suspect they’re going to go straight down to Australia and say, ‘release your reserves.’

Asked if the U.S. government would get involved, Strauss replied, “I think they must. Australia is sitting on 30 to 40 percent of the world’s known resources. They have signed a nonproliferation agreement, a free trade agreement around the world and the uranium deal with China . Then, you’ve got to try and release that.”

About StockInterview.com

The feature article entitled, “Reliable Uranium Supply Needed for Nuclear Renaissance to Continue,” appears on the financial news website.

Stockinterview.com is an online news service, which provides investigative reporting, editorial, analysis and commentary of the nuclear fuel cycle, uranium mining, nuclear power, the environment and the natural resource industry.

For more information on StockInterview’s 304-page trade softcover edition of “Investing in the Great Uranium Bull Market,” please visit our website.

 
 
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Nuclear Renaissance Needs Reliable Uranium Supply

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