Uranium Market and Uranium InvestmentsThe uranium market is hot. Uranium prices have reached landmark numbers recently. Now that Australia and China have an agreement for Australia to sell uranium for power generation, restrictions on Australian uranium mining should be lifted, according to uranium mining industry leaders.
The uranium market, like all commodity markets, has a history of volatility, moving not only with the standard forces of supply and demand, but also to whims of geopolitics. It has also evolved particularities of its own in response to the unique nature and use of this material.
The only significant commercial use for uranium is to fuel nuclear reactors for the generation of electricity. There are 440 reactors operating worldwide, and a total of 69 new reactors that are under construction or planned for completion within the next 10 years (as of January 2006).