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Mars 2007 / Middle East Online

Nuclear so-called "renaissance" ignites uranium boom



Nuclear so-called "renaissance" ignites uranium boom

More governments embrace atomic energy, view it as producing less greenhouse gases than fossil fuels.

By Nick Trevethan – SINGAPORE

Uranium prices are closing in on $100 a pound — a 10-fold increase in five years — and prices could climb sharply higher yet as more governments embrace atomic energy despite dwindling supplies of yellow cake to power the reactors.

The spot price for uranium jumped $4 to $95 a pound (lb), according to weekly (...)