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    market news

    Sea Uranium Extraction Nearly Economically Viable

    Investing News Network
    Aug. 21, 2012 10:23AM PST
    Energy Investing

    The Independent reported extracting uranium from the ocean is closer than ever to being economically viable.

    The Independent reported extracting uranium from the ocean is closer than ever to being economically viable.

    As quoted in the market news:

    Today, a report presented to a scientific meeting showed that fast progress is being made towards turning the oceans into a uranium reservoir.

    Improvements to the extraction technology have almost halved production costs from around 560 dollars (£355) per pound of uranium to 300 dollars (£190).

    Click here to read the full Independent report.

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