Expectations of a nuclear renaissance on the back of concerns about global warming and oil prices have sparked a four-year rally in uranium prices that saw spot prices rise tenfold to a high of $138 per lb in June 2007. Prices have since fallen as utilities abandoned the spot market and waited for the decline. However, continued enthusiasm about nuclear power’s prospects, especially in power-hungry Asian countries such as China, as well as concerns about declining secondary supply...
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