Uranium prices are set to climb  

Posted by Big Gav

The International Herald Tribune notes that "Uranium prices are set to climb - Supplies dwindle even as Asia builds more nuclear reactors". Australia has a lot to gain with the expansion of the nuclear energy market (although horrible, I see this as inevitable, in spite of the likely resistance that additional mining will face),as it has a large chunks of the world's uranium reserves. The sale of WMC to Xstrata must surely be blocked on national interest grounds.

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