Australian Uranium Industry Needs to Increase Investment to Meet Demand: Resources Minister

Mining Weekly reported that Australian Federal Resources Minister Gary Gray is asking industry members in increase spending and investment.

As quoted in the market report:

Industry needs to commit to the further development of new projects to ensure that our uranium production meets global demand, particularly as demand for uranium in 2013 is likely to surpass supply,” he told the Australian Uranium Association on Thursday.

To view the whole Mining Weekly report, click here.