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    market news

    Rick Mills Says Coming Uranium Shortage Makes Production Companies Interesting

    Investing News Network
    Oct. 26, 2012 11:16AM PST
    Energy Investing

    Mineweb reported an essay from Rick Mills who says the coming shortage of mined uranium is making companies with near-term production most interesting.

    Mineweb reported an essay from Rick Mills who says the coming shortage of mined uranium is making companies with near-term production most interesting.

    As quoted in the market news:

    Under the terms of the 1993 government-to-government nuclear non-proliferation agreement (Megatons to Megawatts program), the United States and Russia agreed to commercially implement a 20 year program to convert 500 metric tons of HEU (uranium 235 enriched to 90 percent) taken from Soviet era warheads, into LEU, low enriched uranium (less than 5 percent uranium 235).

    To date 463.5 metric tons of bomb-grade HEU have been recycled into 13,345 metric tons of LEU – enough material to produce fuel to power the entire United States for about two years.

    Click here to read the full Mineweb report.

    united statesrussiamarket newsrick mills
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