Government support helps keep uranium prices high

Government support is helping to maintain the current positive outlook for uranium as leaders from around the world, from Europe to Latin America, are keen on investing in nuclear energy. With worries about energy security and climate change, the European Union, for example, is reportedly striving to secure future uranium sales in Australia.

Meanwhile, China and India are also searching for opportunities to buy uranium since both countries are looking to nuclear energy to help power their booming economies. And speaking of India, the country is being visited by Brazilian foreign minister Celso Amorim who said in a press conference that there are good prospects for a civilian nuclear cooperation between Brazil and India and that a high-level Brazilian delegation should visit India to discuss these issues.

With so much growing demand for nuclear energy, it doesn’t seem that uranium prices will drop drastically anytime soon.

Source: www.u308.biz

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