Friday, February 03, 2006

Nuclear energy's uranium deficit

From Washington to Tehran, nuclear energy has become a white hot topic of debate. The nuclear energy industry looks set for significant expansion with the price of oil surging and concerns about the environment increasing. However, there is a problem in that demand for uranium is outstripping supply.
Uranium prices have risen sharply in the past three years, transforming the dynamics of the market, attracting new risk capital and speculators and promising significantly higher earnings growth for existing players.

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