Source: Money Morning
Uranium only makes up 2% to 3% of a power plant’s operating costs. That means the price of uranium can rise substantially without making nuclear power prohibitively expensive.
Nuclear power plants currently produce about 20% of the United States’ power. They’re clean and more reliable than wind or solar, which need the right conditions to be completely reliable.
The United States is also the biggest uranium consumer globally, using about 50 million pounds every year. Yet just 2.7 million pounds are produced annually in the United States.
Nearly half of the United States’ uranium imports come from Russia and Kazakhstan, which make up 14% and 24% of imports, respectively.
U.S.-based uranium producers has petitioned the government to stop cheap uranium imports.
They argued that Kazakhstan, Russia, and Uzbekistan, which together supply more than 40% of the uranium the United States uses, hurt the uranium market in the U.S. and keep prices artificially below the price they could be.
Krauth’s favorite way to invest in uranium is via the Global X Uranium ETF (NYSE Arca: URA).
Source: Daily Trade Alert
http://dailytradealert.com/2018/04/21/t ... right-now/