Nuclear fuel market to double by 2020

Nuclear Engineering reports GBI Research Report predicts that the nuclear fuel processing market will double in size by 2020.

According to the report, the uranium conversion market, which was worth $0.7 billion in 2009, will be worth $1.4 billion by the end of 2020. It will expand at an average annual growth rate (AAGR) of 6.6% over the period, increasing by almost 2% in volume. The enrichment and fabrication markets will grow in volume by 1.4% over the same period.

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