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Gold/Mining/Energy : Uranium Stocks -- Ignore unavailable to you. Want to Upgrade?

To: smh who wrote (13492)	6/3/2008 7:36:43 AM
From: smh	Read Replies (1) \| Respond to of 30237

Windimurra Sees Supply Shortfall in Vanadium to 2012 (Update2) By Jason Scott bloomberg.com May 30 (Bloomberg) -- Windimurra Vanadium Ltd., a Western Australian mining company aiming to provide 8.5 percent of the world's vanadium, said power shortages at rivals in South Africa will keep global supply short until at least 2012. ``Supply of vanadium will remain tight,'' said Iain Scott, chief executive officer of the Perth-based company, predicting a benchmark price of $50 a kilogram of the metal used to strengthen steel. ``And that's factoring in a best-case scenario for South African producers, which is no guarantee.'' Power cuts have reduced vanadium output in South Africa, the world's largest producer, with state-owned utility Eskom Holdings Ltd. predicting electricity shortages will peak in 2012. Prices of the metal have doubled this year, pushing Windimurra's shares up 43 percent in the same period. -edit-