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To: sammy™ -_- who wrote (1463)12/14/2006 3:52:42 PM
From: sammy™ -_-  Read Replies (1) | Respond to of 1939
 
Whether you call it “yellowcake”...U308...or just plain old uranium, a chronic supply/ demand imbalance has developed in this rare element and there’s a rush on to secure new supplies. Only about half the uranium used in the world’s 438 nuclear reactors was actually mined last year. The industry has been living on inventory since 1985. Commercial uranium inventories have shrunk to just 10% of 1985 levels. So current uranium production won’t meet demand even if consumption stays flat. And what’s the chance of that?