Uranium prices to rise in 2011

Commodityonline.com reports uranium prices expected to rise in 2011.

The market news is quoted as saying:

According to analysts, demand from India and China will keep uranium prices up in 2011 also. Both these nations have chalked out big plans to set up new nuclear power plants to meet their power demands. This will help uranium prices to go up in the coming year also.

Uranium prices have risen about 20 percent since October because of a limited supply of the nuclear fuel being available to utilities, producers and traders on the spot market.

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