• 4 minutes Drone attacks cause fire at two Saudi Aramco facilities, blaze now under control
  • 7 minutes China Faces Economic Collapse
  • 13 minutes Oil Production Growth In U.S. Grinds To A Halt
  • 15 minutes Iran in the world market
  • 18 minutes Ethanol, the Perfect Home Remedy for A Saudi Oil Fever
  • 48 mins USA Wants Iran War -- Shooty Shooty More
  • 37 mins Collateral Damage: Saudi Disruption Leaves Canada's Biggest Refinery Vulnerable
  • 1 hour USA : Attack came from 'Iranian soil'. Pompeo to release 'evidence'.
  • 7 hours Never Bring A Rapier To A Gun Fight
  • 10 hours Bahrain - U.S.: Signed Deal To Buy Patriot Missiles
  • 1 hour Yawn... Parliament Poised to Force Brexit Delay Until Jan. 31
  • 10 hours Trump Will Win In 2020 And Beyond..?
  • 12 hours One of the fire satellite pictures showed what look like the fire hit outside the main oil complex. Like it hit storage or pipeline facility. Not big deal.
  • 12 hours How OPEC and OECD play their role in setting oil price in light of Iranian oil sanction ?? Does the world agree with Iran's oil sanctions ???
  • 7 hours Aramco Production
  • 10 hours Democrats and Gun Views
Alt Text

Nuclear Power Dying A Slow Death

Global nuclear power capacity could…

Joao Peixe

Joao Peixe

Joao is a writer for Oilprice.com

More Info

Premium Content

France’s Areva Says to Buy Uranium Now

Global uranium demand is predicted to rise 48% by 2023, but even now uranium prices are hinting at a major rebound, prompting France’s Areva to implore buyers to get ahead of the game with advance orders before 2015.

According to the French uranium giant, after 2015, we could be looking at significantly higher prices for uranium as new nuclear plants come online and Japan reactivates its reactors.

“It would be wise for buyers to make decisions in 2015 at the latest,” Bloomberg quoted Olivier Wantz, head of Areva’s mining division, as saying last month.

“All new nuclear plants will significantly boost demand in coming years, even taking into account the phasing out of German plants [by 2022] … “We see first a stabilization of prices, with the start of a pick-up as soon as 2014.”

Related article: Niger’s Hedges Bets on French Uranium Assets

Areva’s sales pitch is this: the slump in uranium prices that followed Japan’s Fukushima disaster is about to end, and those who don’t get on top of the game will be left paying unaffordable prices for uranium. While August saw uranium prices at their lowest in seven years, and while demand is still low, that is about to change, Areva predicts.

And while this is a pitch intended to boost Areva’s sales during this down time, it’s not alone in its predictions. The World Nuclear Association forecasts a 48% rise in the price of uranium by 2023 due to the fact that new reactors in India, China, Russia, and South Korea will be coming on line, boosting demand for uranium and making up for the losses of parts of the European uranium market. A total of 68 reactors are currently being built around the world.  

Areva is the second-largest producer of uranium in the world.

By. Joao Peixe of Oilprice.com




Download The Free Oilprice App Today

Back to homepage



Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play