SOURCE: The Bedford Report

The Bedford Report

February 14, 2011 11:25 ET

Uranium Demand Shows No Signs of Slowing as China Drives Demand

The Bedford Report Provides Analyst Research on Cameco & UEX Corp

NEW YORK, NY--(Marketwire - February 14, 2011) - In familiar theme, demand for uranium is being driven by China, as its government is planning ahead for significant expansion of its nuclear sector. UxC forecasts say that China is in the process quadrupling its uranium consumption to 50 to 60 million pounds a year. Moreover, China, itself, says it plans to build 10 nuclear power plants a year for the next decade. At the moment China operates 11 reactors, and has 28 under construction. The Bedford Report examines the Uranium Industry and provides research reports on Cameco Corporation (TSX: CCO) and UEX Corporation (TSX: UEX). Access to the full company reports can be found at:

According to the Global X Uranium ETF which was starter trading late last year, uranium provides about 16% of the world's electricity. Uranium bulls believe that the radioactive element is a clean resource alternative for electric generation. One pound of uranium can generate as much energy as 20,000 pounds of coal, and leaves behind a fraction of the carbon footprint.

Indeed, vice-president of the China Nuclear Energy Association, Zhao Chengkun, stressed that nuclear is the only energy source that can be used on a mass scale to achieve the nation's goal of developing cleaner, low carbon energy.

The Bedford Report releases regular market updates on the blossoming uranium industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

With uranium prices surging, investors have turned their attention to the uranium explorers and producers. Investors in uranium miners are banking on rising earnings, as uranium prices rise, to provide value. 

During a recent analyst conference, Cameco's chief, Jerry Grandey, said the company expects a 17 percent year-over-year increase in production. Cameco owns the world's largest uranium mine which the company says provides about 17 percent of the world's uranium every year.

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