The price of uranium has soared on the global market by nearly a quarter in the past three months, but a new report predicts it will rise a further 75% within the next two years. And the boom in demand for the commodity needed to fuel nuclear power stations has led to enormous rises in the number of small uranium mining firms whose share values have rocketed.
Guardian 27th Dec 2006
The International Atomic Energy Agency is concerned that a doubling in the price of uranium has attracted so many miners to the sector that inspectors may not be able to keep track of the new supplies.The Vienna-headquartered agency, which regulates compliance with the Nuclear Weapons Non-proliferation Treaty, is talking with companies such as Cameco, of Canada, and BHP Billiton about how to improve monitoring of the uranium market.
Times 27th Dec 2006
OIL prices were on the rise again yesterday, amid concern at Iran’s reaction to tough United Nations sanctions aimed at tempering the country’s nuclear programme.
Scotsman 27th Dec 2006