China to Double Uranium Hoard This Year

Source: Business Insider, Vincent Fernando (7/12/10)

"China is expected to double uranium stockpiles to 5,000 metric tons."

China may have pledged to continue investing reserves in U.S. dollars lately, dissing gold as an asset in the process, but that's not stopping them from doubling their investment in another valuable commodity—uranium.

China is expected to double the amount of uranium it stockpiles this year to 5,000 metric tons, says Thomas Neff of the Massachusetts Institute of Technology.

The nation is doing this as part of its push to develop nuclear power on a massive scale, and state-owned companies have already been scouting uranium investments abroad.

Combined with the fact that America is considering new nuclear power plants as well, Uranium bulls have reason to be more excited these days. Uranium prices are well below the levels of last year, as shown in the chart above, thus it's not like bullish sentiment has already been played out either.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."