Cameco* (CCO : TSX : $24.76), Net Change: 1.16, % Change: 4.92%, Volume: 1,206,916
Paladin Energy* (PDN : TSX : $3.37), Net Change: 0.05, % Change: 1.51%, Volume: 326,338
Uranium One* (UUU : TSX : $2.84), Net Change: 0.07, % Change: 2.53%, Volume: 12,593,080
"China’s demand is insatiable." Bloomberg on Monday reported, "China is buying unprecedented amounts of uranium,
signaling that prices are poised to rebound after three years of declines." Bloomberg highlighted that Thomas Neff, a physicist
and uranium-industry analyst at MIT in Cambridge, stated that China may purchase about 5,000 metric tonnes this year, more
than twice as much as it consumes, building stockpiles for new reactors. China’s demand for uranium may rise to 20,000 tonnes
a year by 2020, more than a third of the 50,572 tonnes mined globally last year, as it boosts output to 85 gigawatts, nine times
its current capacity, according to the World Nuclear Association. The Asian giant recently agreed to buy more than 10,000 tons
over 10 years from Cameco. "China’s demand is insatiable," said Dave Dai, an analyst at the Daiwa Institute of Research in
Hong Kong. "They will have to take almost whatever is available," he added. Also commenting Monday, Canada's biggest
brokerage said it expects the uranium spot price to jump about 32% next year to an average US$55/lb as demand erodes
supplies. Another brokerage out with comments Monday, highlighted that while "a number of mining analysts have stated that
spot uranium prices could move up to US$60/lb of U3O8 in 2011. We expect that spot uranium prices could average
US$92.23/lb of U3O8 in 2011."