Uranium Causing A Reaction

MSN.com reports uranium sector is surging in the last couple of weeks.

The market news is quoted as saying:

One could posit a view that the price action was probably fundamentally supported by real-end users up until it hit about US$60/lb in early 2007. There was a clear case to be made for a secular increase in global demand given a sudden surge in reactor plans, particularly in China, but everywhere from the UK to the US, Russia, Japan and elsewhere, which in itself was a response to the rapidly rising price of oil.

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