China’s insatiable energy needs could send uranium prices soaring by 900% or more!
Lumwana’s uranium reserves and explorations could not have come at a better time than this for the Zambian Enterprise. Zambian investors and indigenous entrepreneurs also need to take a serious look at how they could profit from this uranium wave.
No one is in an even better position than Equinox as they exploit more possibilities to add to their bottom line. As the world demand continues to trend in positive trajectories and giant mining companies look for junior buy-outs, we don’t actually see Equinox lasting without a hostile take over …
In February 2001, the commodity price of Uranium sat at its 30-year low of around $7 per pound. Now, just over 6 years later, uranium has risen an astounding 1,700% to an all-time high of $135 per pound.
The primary force behind this incredible uptrend is simply that uranium stockpiles have declined for several years as escalating demand has far outpaced new supplies.
A key demand-driver is China with its immediate plans to bring 30 new fuel-hungry nuclear reactors online – and the country’s uranium appetite is just getting started.
China’s rapidly expanding economy demands a vast increase in the capacity of its national power grid. The Chinese government has made an irreversible commitment to nuclear power upon which $TRILLIONS in industrial revenues depend.
With 2 new nuclear power plants slated to go online each year from 2007 through 2020, China knows that its future fortunes cannot merely rely on foreign uranium suppliers – China must own the foreign uranium supplies.
We saw with our own eyes how the boom copper prices did little to create indigenous wealth and we are looking at how the next boom (the uranium boom) will for once benefit the land from which it emanates.
The challenge for the Zambian government would be how much of that stake they are going to capitalize on for the benefit of the general populace; that’s this week’s memo from us at the Zambian Chronicle … thanks a trillion.
Brainwave R Mumba, Sr.
CEO & President – Zambian Chronicle
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