NEW YORK, NY -- (Marketwire) -- 01/25/12 -- The uranium industry has been on impressive run of late. The Global X Uranium ETF, which holds over 20 uranium stocks, has surged more than 25 percent over the last month as positive guidance from some of the industry's largest players has renewed investor optimism in the sector. In addition, recent remarks from Chinese Prime Minister, Wen Jaibao have highlighted the country's intentions to focus on nuclear energy and limit its use of coal. Five Star Equities examines the outlook for companies in the Uranium industry and provides equity research on Uranium One Inc. (TSX: UUU) (PINKSHEETS: SXRZF) and USEC, Inc. (NYSE: USU). Access to the full company reports can be found at:
www.fivestarequities.com/UUU
www.fivestarequities.com/USU
China's primary economic planning agency, The National Development and Reform Commission, estimates that China can expand its current nuclear capacity of 10.8 gigawatts to between 70 and 80 gigawatts by 2020. According to the U.S. Energy Information's International Energy Outlook for 2011, China intends to add 106 GW of nuclear capacity by 2035. China plans to have 40 reactors by 2020 and, by 2030, enough additional reactors to generate more power than all 104 reactors in the US. In early 2011, following the tragic meltdown of the Fukushima Energy Plant, the Chinese State Council temporarily halted the construction of 27 nuclear power plants declaring the need for new safety regulations. During the delay, China re-assessed the safety of its planned and approved Generation-II reactor projects.
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Shares of Uranium One have surged more than 30 percent over the last month. The company recently announced that its quarterly production rose 62 percent as the uranium producer ramped up output at its Kazakhstan projects. The company produced 3.4 million pounds of uranium in the fourth quarter, of which about 3.3 million pounds came from its mines in Kazakhstan.
Shares of USEC Inc. are up approximately 18 percent month-to-month. Earlier this month the company reported that it is continuing to work on the American Centrifuge project and that USEC and the Department of Energy (DOE) have identified a path to provide interim funding for the initial phase of a research, development and demonstration (RD&D) program for the project. According to the press release issued by USEC, the "$300 million RD&D program proposed by DOE will enhance the technical and financial readiness of the centrifuge technology for commercialization."
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