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Nuclear power and Uranium - Cameco
Posted on 6/26/16 at 11:04 pm
Posted on 6/26/16 at 11:04 pm
What are the boards thought on the future for it, there is suppose to be an increase in demand for Uranium with new power plants coming on line in the next 5-10 years.
Posted on 6/27/16 at 1:51 am to GREENHEAD22
What new plants? What encourages someone to invest in nuke power? Multiple plants have been shut down in the past couple years. A couple units have been built in South Carolina and there's a unit or two being built in Georgia. The South Texas project has been suspended. So, yes a few new units have been built, but just as many have/will be shut down. Couple that with all of these plants aging and trying to get their license extended, and you have an industry I wouldn't touch. Nat gas is cheap and nuke power is over regulated. I work in the industry so I'd love to see it have a "rebirth", but I wouldn't be investing in it.
This post was edited on 6/27/16 at 1:53 am
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