Tuesday, December 7, 2010  Uranium Prices Surge on China's $511
Billion Investment in Nukes (BHP; CCJ)  We had the China reactor
build-out story last week in "China spending $511 billion to
build up to 245 nuclear reactors". There will be a scramble over
the next few years that will come to resemble madness. And a lot
of money will be made. Here's Money Morning Australia:  ...And
China's not the only country eager to join the nuclear party.
The list of nations with the largest number of planned and
proposed reactors includes India with 60 on the drawing boards;
Russia with 44; the United States with 31; Ukraine with 22; and
South Africa with 15.  The new plants will consume 32,900 tons
of nuclear fuel according to a Morgan Stanley (NYSE: MS) report.
That's almost half of the demand from the world's 443 commercial
reactors.  China Stockpiles Uranium  For its part, China will be
importing a lot more uranium. China will boost its imports by a
factor of four to 50-60 million pounds a year by 2020, or 25-30%
of to