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Uranium Demand Booming in Asia, According to Leading Financial Site Penny Stock Detectives(May 24, 2012)
New York, NY (PRWEB) May 24, 2012
In a recent article, Danny Esposito, editor for Penny Stock Detectives, points out that the largest demand for uranium and nuclear energy is coming from Asiaespecially China and India. Many of the countries in Asia are moving from emerging economies to developed economies. Due to this reality, says the editor, more and more cities need to be built out where a high concentration of people will settle to work and build their lives. Esposito believes that with the concentration of people living in newly constructed cities comes the need for concentrated and efficient energy systems. According to the analyst, nuclear energy emits no toxic substances, is cost-efficient, and can run at capacities that exceed other energy sourcesover 90% capacity utilizationdue to the uranium that goes into these nuclear energy plants.
Presented with these facts, it is no wonder that Asian nations are choosing nuclear energy and uranium investing, comments Esposito. The World Nuclear Association is reporting 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.
As if this werent a bullish enough scenario for uranium, Esposito says that the World Nuclear Association is reporting that, of the current 435 nuclear energy plants around the world, many of them are planning to increase their production capacity. This means they will require more uranium investing to meet those needs.
In light of these facts, Esposito notes that, in 2011, 170 million pounds of uranium were consumed by nuclear energy plants worldwide, while supply was only 140 million pounds. Although there was extra supply sitting around, he emphasizes that this type of supply/demand deficit in uranium cannot continue.
According to Penny Stock Detectives, studies are pointing to the fact that current uranium mine supply in the world will not be sufficient to meet demand in the coming decade. Esposito says that there will be a deficit in uranium this year, which will only widen in 2013 if uranium investing for supply is not found quickly.
The demand for nuclear energy has not slowed down, especially considering the needs of the countries in Asia, notes Esposito. What has slowed is uranium investing, and thus the supply of uranium. This means that, according to Esposito, uranium prices will continue to move higher and uranium miners will continue to be very compelling investments going forward.
Published every business day, Penny Stock Detectives researches and analyzes low-priced opportunities in the stock market and individual stock market sectors. Penny Stock Detectives reports on penny stocks, small-cap stocks, micro-cap stocks, high-profit potential plays mostly under $10, and the stock market in general.
To see the full article and to learn more about Penny Stock Detectives, visit http://www.pennystockdetectives.com.
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/video/pt/index.php?sb=PRESS.
Read the full story at http://www.prweb.com/releases/2012/5/prweb9536301.htm.
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