Global Need for Alternative Power Sources Could Make Uranium Industry Robust Again

Mineweb reported that uranium might be on the cusp of another boom, fuelled in part by a growing global need to seek cost-efficient, environmentally conscious power alternatives.

As quoted in the market report:

But the world is increasingly power hungry and fuels like coal, and perhaps to a lesser extent oil, generate excessive atmospheric pollution and are seen to be contributive to global warming, while non-polluting power generation systems like wind farms and solar energy cannot really provide enough new energy at anything like a reasonable cost and we are already starting to see a beginning of a return to nuclear power plant construction, but perhaps more caution being applied to power plant location in particular – the technology itself is seen as highly robust.

To view the whole Mineweb report, click here.