Nuclear revival may lift uranium price

Calgary Herald reports uranium price may be lifted with interest in nuclear power.

Uranium prices are likely to rise in the next year or two due to a building boom in nuclear power plants, an executive of Spanish nuclear fuel maker Enusa said Wednesday.

Spot uranium prices have tumbled from a peak of $136 US a pound in June 2007 to around $40 currently, partly due to Kazakhstan raising production of the metal, which is used as fuel in nuclear power plants.

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