Uraniumletter
I N T E R N A T I O N A L
the international
independent information and advice bulletin for
uranium resource investments
_____________________________________________________
Uranium price graph link : 2-year period
Uranium price graph link : 15-year period
January 2, 2012 - Spot US$ 52.00
December 26, 2011 - Spot US$ 51.75
Ultimo 2010 - Spot US$ 62.50
Ultimo 2009 - Spot US$ 44.50
URANIUM OVERVIEWS and REPORTS 2012 PUBLICATIONS |
January 2012 Update
Uranium equity markets have overreacted to
Japanese Fukushima nuclear disaster
With the Fukushima nuclear disaster on March 11, 2011 being fully accounted for by the exceptional combination of the massive earthquake and subsequent tsunami, rather than to separate failing technical safety, the strengthened opposition to nuclear power is not justified on rational grounds.
This is particularly so since in Japan in the case of overheating reactors, the cooling system is based on the use of water in contrast to US and European nuclear plants, where the use of an air-cooling system is a safe alternative and also the third generation of nuclear plants is meeting the highest security requirements.
With regard to the outlook for the nuclear sector, it should be noted that nuclear energy contributes 16% to the world's electricity supply. In Japan the share is 29%, provided by 51 nuclear power plants. Nuclear energy is the most cost effective and environmental friendly large scale alternative for electricity generating and the only viable alternative for fossil fuels. Its important share can not be changed in a material way in the next 20 years, which also counts for leading western countries .
Growing concern over global warming as a result of strongly growing greenhouse gas emissions of CO2, resulted in the Kyoto Protocol, in 1997, to reduce CO2 emission by 20% in 2020. This was followed by comparable measures by law in China and Russia.
...................................
To read the full report follow the link : UPDATE URANIUM SECTOR - January 2012
If you wish to receive our publications on a regular basis, please,go to Contact
