China stockpiles cheap uranium as severe shortage is anticipated
“The spot price rose just US25c a pound last week, to $US35.75/lb, insufficient to encourage a uranium explorer to get out of bed in the morning, let alone contemplate starting a new mine. Yet it was reported that this slight upward movement was triggered by news that an “institutional investor” was in the market for one million pounds of the stuff.
So it seems stockpiles are quietly being worked on, especially by people who have read the graphs showing a severe world shortage later this decade. The rest of the world, meanwhile, continues to sleepwalk towards that impending crisis.”