In downturn, India looks for uranium bargain
In every crisis, there's an opportunity. As India hopes to stitch up its first purchase of uranium from Kazakhstan in January, prices have fallen from a high of $138 (Rs 6,900) in 2007 to about $48 (Rs 2,400) per pound now. It's time to buy.
India, which ended its nuclear pariah status in September, can now stock up on cheap uranium- at a time its nuclear plants are running at about half capacity due to fuel shortages.
With an eye on purchasing uranium from Kazakhstan, which has the world's second largest reserves and is the third largest producer of nuclear fuel, Kazakh President Nursultan Nazarbayev will be the chief guest at the 2009 Republic Day celebrations.
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To read the ePaper, visit: http://epaper.hindustantimes.com
India, which ended its nuclear pariah status in September, can now stock up on cheap uranium- at a time its nuclear plants are running at about half capacity due to fuel shortages.
With an eye on purchasing uranium from Kazakhstan, which has the world's second largest reserves and is the third largest producer of nuclear fuel, Kazakh President Nursultan Nazarbayev will be the chief guest at the 2009 Republic Day celebrations.
To read the full article, click here..
To read the ePaper, visit: http://epaper.hindustantimes.com
Labels: 2009 Republic Day celebrations, fuel shortages, India, Kazakh President Nursultan Nazarbayev, Kazakhstan, nuclear pariah status, nuclear plants, uranium bargain, uranium from Kazakhstan
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