May 16th, 2013 | Matt Insley | Category: News, Oil
According to Mining.com, Russia "controls 40% of global uranium enrichment capacity, the lion's share of the world's downblending facilities, and a fair chunk of the world's uranium resources… [and] a lot of clout in neighboring Kazakhstan, the world's top primary uranium producer.
Currently, Russian uranium fuels 10 percent of electricity in the U.S., which has a 20-year moratorium on new uranium mines, making imports a long-term necessity.
Forecasting a 33 percent increase in demand for uranium, analysts predict a bull market that may rival gold's 10-year streak.
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The Managing Editor of the Daily Resource Hunter, Matt is the Agora Financial in-house specialist on commodities and natural resources.
He holds a degree from the University of Maryland with a double major in Business and Environmental Economics.
Although always familiar with the financial markets, his
main area of expertise stems from his
background in the Agricultural and Natural Resources (AGNR) department.
Over the past years he's
stayed well ahead of the curve with forward thinking ideas in both resource stocks and hard commodities.
Insley's commentary has been featured by MarketWatch.
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