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Long-term Uranium Prices Spike; Special Report by Leading Financial Site Penny Stock Detectives(June 13, 2012)
New York, NY (PRWEB) June 13, 2012
In a recent Penny Stock Detectives article, editor Danny Esposito points out that for the first time in over a year, the long-term price of uranium spiked higher. Esposito believes a new report from the World Economic Forum that addresses the energy needs of emerging economies may have possibly sparked the move.
As emerging economies become developed like the U.S., notes Esposito, one of their main priorities is providing sustainable energy to their citizens with the reality of limited resources.
When evaluating all of the energy sources available, nuclear energy emits no toxic substances, is cost-efficient, and can run at capacities that exceed other energy sourcesover 90% capacity utilizationdue to uranium.
Considering how efficient the use of nuclear energy is, the report went so far as to say that even Japan will have to reopen existing nuclear energy plants or build new ones. The spending on oil and coal for Japan to meet its energy needs will not be sustainable in the long run, comments Esposito.
The World Nuclear Association reports that 60 nuclear energy plants are currently under construction with an additional 150 nuclear energy plants in the works, with most of these being built out in Asia.
In 2011, there was not enough uranium supply being mined to meet demand, but existing reserve supply around the world from previous years made up the difference. Going forward, without a sufficient uranium supply at present, it looks like the deficits will continue, which means that governments and uranium miners need to focus on uranium investing to meet demand, argues Esposito.
According to the Penny Stock Detectives article, it is possible, as well, that strikes in Africa at certain uranium mines are causing long-term uranium prices to rise. Miners are asking for better working conditions and higher salaries. With the strikes, less supply is finding its way into the marketplace in 2012, which makes uranium an attractive place to be investing as demand has not slowed.
With the worlds population growing rapidly, and countries like India and China requiring efficient and environmentally friendly energy sources to meet the needs of their people, nuclear energy and uranium are part of the solution that many governments are implementing.
The editors of Penny Stock Detectives believe low-priced stocks, when researched properly, present investors with great opportunities to accumulate wealth and to increase the value of their investment portfolios. You can learn more about Penny Stock Detectives at http://www.pennystockdetectives.com.
Sasha Cekerevac, BA, and Danny Esposito, B. Comm., lead editorial stock analysts at Penny Stock Detectives, in conjunction with stock market guru George Leong, B. Comm., have just updated their breakthrough video, If You Missed Apple, Shame on Us; If You Miss This which highlights a company these stock analysts believe looks very similar to Apple Inc. in its early days. To see the video, visit: http://www.pennystockdetectives.com/press/.
Read the full story at http://www.prweb.com/releases/2012/6/prweb9597744.htm.
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