CHARTS: The coming critical minerals trade war is BRICS short of a load
"While a large number of countries around the world continue to talk about securing raw material supply, China is actually doing something about it."
According to a new report by Research & Markets high uranium prices, paralleled by growing global demand for energy, will result in Namibia doubling its uranium production to approximately 12,000 tonnes by 2015 from the 5,300 tonnes the country produced in 2009.
Namibia’s extensive uranium deposits, coupled with the expansion of existing mines, will result in the country’s uranium production increasing sharply in the short to medium term.
Expansion projects at the Rossing Uranium and Langer Heinrich uranium mines, together with the construction of two new mines by the Areva Group and Forsys, will result in a surge in Namibia’s uranium production over the next 4-5 years.
With the construction of these two mines, the uranium mining sector will become the largest sector in the Namibian mining industry. Uranium is poised to overtake diamonds as Namibia’s largest foreign currency earner. Nevertheless, diamonds will continue to play a key role in the Namibian mining industry.
Click here for the full reports.
2 Comments
Wolf Gehrisch
How comes that Cameco reduces its production forecasts for the same period. I believe that the report on Namibia’s Uranium production plans predate the Fukushimz disaster!
forex trading
Hi,
These are very useful tips for all the traders.. With the help of these tips one can earn money in a better way without any loss.. I must suggest that one should definitely follow them.