The Sydney Morning Herald reported that uranium producer, Energy Resources of Australia believes that while the price of the commodity and demand are quite low these days, good times are bound to return if the company extends the life of its declining Ranger Mine.
As quoted in the market news:
Three new nuclear power projects were recently approved in coastal areas in China, with another 40-50 to be built this decade, lifting demand.
Japanese reactors would also re-start, with supply shortages and higher prices hopefully coinciding with Ranger 3 Deeps coming online, it said.
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