Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Thursday, January 11, 2007

China's White-Hot Hunger for Australian Uranium

China plans to import 2,500 metric tonnes of Australian uranium per year by 2020. That's the bullish news. The really bullish news is that should only be a third of China's expected annual demand of 7,500 metric tonnes.

Australian uranium stocks have taken a pounding recently. News like this should provide a boost.

Read the rest HERE.

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