Published on Saturday November 09 2013 (AEST)
Jeb Handwerger, publisher of Gold Stock Trades newsletter, discusses his outlook on uranium. Jeb points to toxic air pollution in China and the country's need for more power as the reason why China is leading the world in the construction of new nuclear power plants.
India and Russia are building nuclear power plants. Even oil rich countries like United Arab Emirates and Saudi Arabia are investing in nuclear to reduce their dependence on fossil fuels.
Australia and Greenland have recently lifted bans on uranium mining. Volumes moving into uranium stocks are rising and last week, Cameco shocked markets by posting a profit, even with uranium at 8 year lows. M&A in the uranium sector has been exceptional over the past year, particularly in the Athabasca Basin.