Matt Badiali says that uranium production has gone down steadily over the last few years. Many thought that it would go up, as it is a greener alternative to energy sources such as coal. Uranium can be used to produce clean nuclear energy. However, that is only the good side of it. On the other side, there is the opportunity for disaster that can strike as a result of using nuclear power as a source of energy. Visit Matt Badiali on facebook for updates.
In Fukushima in Japan, the power plan was ruined by a hurricane and a tsunami. Various vital parts of the plant were shut down. The backup source did not work. Cooling water could not get into the plant. The reactor started to melt, which is one of the most dangerous things that can happen at a nuclear plant. As a result of this occurrence, many people started to realize the dangers of using nuclear power plants. In Germany, they shut down all the reactors as a result. Many other plants and companies started to reduce the use of nuclear power plants as a source of energy. Many of the largest producers of uranium also cut costs.
However, this had an interesting result. Shares in Uranium Participation Corp, which holds physical uranium stores, soared by thirty percent. This can be a good sign for the uranium market overall, and it may have a bright future.
In other news, China is demanding more and more coal. China is a big importer of coal. As China continues to need more coal, coal is going up. If you have shares in coal, now is a good time to keep them. If you do not, now is a good time to invest in them. In fact, in November, copper imports to China hit a record high, according to Bloomberg.
The price of copper is up by twenty percent since last year. This shows us that next year might be a great year for mining investments. In addition, oil prices are going up. In the oil service provider industry, this is good news. Matt Badiali kept telling people that oil will continue to go up and that it is a good time to invest in it. As it turns out, he was right.