Nuclear Energy May Power the World

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". . .the current global economic recession may have soured investor enthusiasm for the commodities sector, there are signs pointing toward a strong recovery in the uranium mining industry."

While the current global economic recession may have soured investor enthusiasm for the commodities sector, there are signs pointing toward a strong recovery in the uranium mining industry.

With the growth in populations and economies around the world comes an ever-increasing demand for electricity; yet, many are also extremely concerned about climate change. The need for greener and cheaper energy sources is driving many governments around the world to ramp up or re-evaluate their nuclear energy options, which Raymond James analyst Bart Jaworski says points toward recovery in the uranium mining sector.

"Nuclear will come back," said Roland Schenkel, Director-General of the European Commission's Joint Research Centre, "and will play its role in the energy mix of the key industrial countries."

Several European countries like France, which utilizes nuclear power for nearly 80% of its energy production, are already pro-nuclear. But now, other countries are seeking to substantially increase their nuclear capacity. Sweden, Germany, Italy, Hungary, China, India, Latin America, Mexico, Argentina and Brazil are all looking toward nuclear power to reduce their dependency on fossil fuels and meet their energy demands.

Besides those already discussed, many more nations around the world are displaying an enthusiasm for nuclear energy and have already announced if not plans, at least the desire, to initiate new nuclear power plant construction, including: Chile, Indonesia, Jordan, Malaysia, Nigeria, United Arab Emirates, Uruguay, Venezuela and Vietnam.

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